Dallas-based TACenergy, a division of the Arnold Companies, has acquired the
U.S. wholesale petroleum distribution business of IPC, the company said.

OPIS exclusively reported on the acquisition in early October.

The purchase expands TACenergy's presence in West Coast markets, with the
company saying it will retain a majority of the IPC sales team. Offices in
Santa Ana and Sacramento, Calif., as well as Seattle, Wash., will remain open
under the new ownership.

"We are already working to harness the expertise of both groups to deliver
innovation across the wholesale fuel sales network, leveraging national supply
resources and managing administrative and logistics capabilities," Fred Sloan,
chief operating office of TACenergy, said.

The purchase also allows TACenergy to tap into renewable diesel based on IPC's
relationship with Finnish refiner Neste Oy.

Key operational and sales executives will be joining TACenergy, as Randy Jones
was named vice president of sales and operation, which covers the combined
national footprint of the organization. Mitch Lewis will lead Southern
California sales, while Jim Harper will handle Northern California and Pacific
Northwest sales.

Combined, TACenergy will be one of the largest wholesale fuel suppliers in the
U.S., with annual sales topping 2.7 billion gallons and well over $5 billion in
revenue.

--Denton Cinquegrana, dcinquegrana@opisnet.com



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