Heritage Petroleum, LLC (HP) today announced it has acquired substantially all the business assets of Schweigert Brothers Oil (SBO) which is based in Ste Genevieve, Missouri. The acquisition will establish a presence for Heritage Petroleum in southeastern Missouri, will service customers from St. Louis to Cape Girardeau to areas of southern Illinois, and will add additional volume of more than 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,”
“In addition, Wayne Schweigert, president of SBO, 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.” – Aaron Gabe, VP of Heritage Petroleum.
*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