Heritage Petroleum, LLC (HP) today announced it has acquired substantially all the business assets of Jones Gas & Oil (JGO) which is based in Omaha, Illinois. The acquisition will solidify its presence and establish a location for Heritage Petroleum in Southern Illinois, will service customers in a broad area of Southern Illinois, and will add additional volume of approximately 10 million gallons annually.
“The acquisition of these assets is consistent with our strategy of entering new marketplaces within a 250 mile radius of Heritage’s headquarters through the acquisition of existing operations.” – Aaron Gabe, VP of Heritage Petroleum
“In addition, Deon Jones, president of JGO, will remain with the Heritage team to ensure a smooth transition for the existing customers and to continue growing market share through his long-standing business relationships in the area.”
“This transaction with Heritage allows us to be more competitive in our marketplace and to provide additional services to our customers.” – Deon Jones
*Details of the transaction were not disclosed.*
Heritage Petroleum, LLC
HP is a privately-held wholesale petroleum marketer/distributor that provides fuel transport services, commercial fueling, Enterprise pipeline services, emergency management services and fuel management for large and small companies in the U.S. Headquartered in Evansville, IN, HP is licensed to conduct business in seventeen states. The company offers a complete line of fuel products including petroleum fuels, alternative fuels, additives, oils and lubricants.
Aaron Gabe, Vice President