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RelaDyne recently announced that it has acquired Fentress Oil Co., an independent distributor of lubricants, fuel and related products and services in Oklahoma. The acquisition further establishes RelaDyne's commitment to growth in the lubrication and fuel markets with a strong focus on expanding its industrial services and solutions.
Fentress has three strategically located facilities in Oklahoma City, Tulsa and Ada, Oklahoma. Former owners Si Fentress and Randy Perry along with the entire sales and operations team will be staying with the company to ensure continuity for customers, employees and suppliers. Fentress will operate as a new hub for RelaDyne with Perry as the branch manager going forward.
"RelaDyne is a great fit for the Fentress business," Perry said. "The combination of these two market leaders will benefit our employees, customers and suppliers as well as the great state of Oklahoma. We are excited to be part of the RelaDyne family and look forward to scaling the business in Oklahoma."
"The acquisition of Fentress represents an ideal acquisition candidate for RelaDyne in that it possesses quality people, an outstanding reputation and is strategically located in a market that is new territory for us," said Jeff Hart, executive vice president of business development for RelaDyne. "This deal represents the 13th acquisition since RelaDyne's inception in 2010, and we anticipate a significant increase in our pace and efforts as we create a national platform in this industry."
In addition to the Fentress acquisition, RelaDyne also acquired the business of Greg Wright Supply in northern Indiana in order to expand its products and services reach. This acquisition closes the geography gap between the Chicago/northwest Indiana and Indianapolis markets.
Headquartered in Cincinnati, Ohio, RelaDyne is a lubricant, fuel and diesel exhaust fluid distributor, providing customers with integrated reliability management services. For more information, visit www.RelaDyne.com.