Rosewood Announces Acquisitions of AMPET & PECO

Source: www.gulfoilandgas.com 1/18/2022, Location: North America

Rosewood Private Investments (“RPI” or “Rosewood”) is pleased to announce the acquisitions of American Petroleum Sales and Service (“AMPET”) and Petroleum Equipment Company, Inc. (“PECO”), which will be held under the new holding company, StationServ.

AMPET, headquartered in Southaven, Mississippi, is a petroleum equipment distributor with full-service installation, distribution, and servicing capabilities. Founded by Gary Murphy in 1990, the company operates out of four branch locations in Mississippi, Arkansas, and Tennessee.

Originally founded in 1944, PECO is a leading petroleum equipment distributor and service company based in Richland, Mississippi, with customers in multiple states in the Southeast. Forrest Rhemann is a third-generation owner and has served as the company’s CEO for nearly 40 years.

“By combining the businesses, we are able to extend the service offerings to both existing and new customer relationships. Additionally, we look forward to adding additional companies under the StationServ umbrella,” said G.T. Barden, Managing Director of RPI. “Gary and Forrest have worked to build diverse companies with strong teams and loyal customers, and we are excited to see the combined companies grow together.” Both sellers will remain involved in the business for a transition period.

AMPET and PECO are both distributors for the largest fuel dispenser OEM, Gilbarco. Their territories are geographically contiguous and will combine to allow the company to better service its customers.

Infinity Capital Partners served as exclusive investment banking advisor to Rosewood.


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