Wholesale & Distribution International - Winter 2018 - 55
in the businesses that we buy; that's important to us," Hart says. "Keeping people
around gives us credibility. If we're just
buying companies and getting rid of people, we're losing continuity and ties to the
"These people want to stay and be part
of the business and drive it forward, but
maybe don't have the capital or desire to
do so," Executive Vice President of Distribution Douglas Oehler adds. "We provide
that capital, and give them a larger toolbox
of things to sell, which gets them energized to stay involved and grow the business. Many people have stayed with us and
have become investors in our business;
that is something we are very proud of."
RelaDyne's strategy reflects the rapid
consolidation within the wholesale and
distribution industry as a whole, President and CEO Larry Stoddard says.
"We have three elements that I feel are
necessary for success," he says. "We have
industry folks that are well known, wellliked and have strong reputations, coupled
with professional management that has
been in other industries that have consolidated at a rapid pace, plus a solid source of
capital to fund the growth. The combination of these gives us the opportunity to be
a leader in the industry."
RelaDyne is a leading distributor of lubricants, fuel and equipment reliability
services, serving customers in 45 states.
The company formed in 2010 following
the consolidation of four businesses -
Mid-Town Petroleum Inc. of Bridgeview,
Ill.; Oil Distributing Co. of Cincinnati; The Hurt Company of Houston; and
Pumpelly Oil Company of Sulphur, La. -
into a single entity.
The four companies had an extensive history serving the automotive, commercial
and industrial markets, with a collective 350
years of combined expertise and more than
10,000 clients, the company says.
Since its formation, RelaDyne has acquired more than 30 companies, with the
majority of those transactions taking place
in the past three years. The company's latest acquisitions include Slidell Oil Co. and
Hager Oil, both based in Alabama; Sensmeir Oil of Mansfield, Ohio; and Cardwell
Distributing, which has 12 locations in Idaho, Wyoming and Utah.
All of RelaDyne's acquired companies
are fully integrated into its enterprise re// Warren Oil Company // owns and operates six manufacturing and packaging facilities
strategically located to serve customers across
the USA and exports to more than 50 countries.
Our facilities are equipped to manufacture and
package products ranging from automotive motor
oils to charcoal lighter fluid. Warren Oil Company
holds the distinction of having the largest number
of American Petroleum Institute engine oil licenses
and certifications. Warren's brands include Warren,
Lubriguard, Autoguard, Itasca, Coastal, LubriGold
Winter 2018 www.wdimagazine.com