Bruceton Farm Service acquires new factory facilities
The plants and their commercial fuel distribution business were acquired under an agreement with Majors Management.
Bruceton Farm Service (BFS) has reached an agreement with Majors Management to acquire its former commercial fuels business Tri-State Petroleum. The transaction includes two bulk plants in Wheeling and New Martinsville, W.Va. and their respective commercial fuels distribution operations. Majors acquired the company as part of the overall acquisition of Tri-State Petroleum, which was completed last December.
This disposal completes the strategic rationalization of this activity. Bruceton Farm Service is part of BFS Companies which includes BFS Foods convenience stores and Southern States Fuels Distribution, serving markets in Maryland, Ohio, Pennsylvania and West Virginia.
“This acquisition fits perfectly into our current operating area, allowing us to more effectively serve existing customers, while strategically expanding our overall service area,” said Garet Bishop, the company’s Chief Financial Officer. “We look forward to onboarding customers into our system and demonstrating the BFS difference in real life in the future.”
Majors and its subsidiaries is a well-established leader in the retail petroleum industry, serving markets in 16 states, from Florida to Pennsylvania and from the Carolinas to Texas. “Whether it’s convenience stores or supplying dealerships, our primary business focus is the retail side of the transaction. During an acquisition, the optimal divestiture of non-essential components such as commercial fuels and lubricants is part of our established process of streamlining the business and allows us to remain focused on our strategy of growing our business through acquisitions. . This company fell into that category,” Majors Chairman Ben Smith said. “We found the BFS team to be extremely professional throughout the process, which allowed us to close the deal in a very transparent and timely manner.”
PetroActive Real Estate Services provided exclusive advisory services to the Majors for this transaction.