H&S Energy Acquires Andretti Petroleum Group
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ORANGE, Calif. — H&S Energy Products LLC is expanding its presence on the West Coast and in the Pacific Northwest with the acquisition of Andretti Petroleum Group.
The deal includes Andretti’s convenience retail, fuels distribution, cardlock, fleet card, commercial fueling, car wash, lubricants and transportation businesses.
Financial terms of the acquisition were not disclosed. Matrix Capital Markets Group Inc. advised Andretti on the sale.
“We are honored to take on this great portfolio of retail sites, wholesale distributorship, cardlocks, lubricants, and transportation assets,” said Sal Hassan, H&S founder and CEO. “We believe the people on both ends of this transaction, when put together, will bring great synergies and help take H&S to the next level. Working through this transaction with the help and professionalism of everyone involved made the process smooth and simple. We thank the entire group for their efforts.”
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