CINCINNATI RelaDyne LLC closed on its acquisition of New West Oil Co. LLC.
New West was founded in 2011 by industry veterans Tim Genrich, CEO; Ron Reeves, president; Tom Turley, vice president, Commercial Sales; and Terry Cooney, chief financial officer. The company began as a Valvoline distributor, and over a nine-year period transformed from a start-up to a leading lubricant and commercial fuels provider in the Southwest.
In 2013, Arizona-based New West formed an environmental division to collect used oil from customers that could be resold as burner fuel to asphalt and concrete companies.
The leadership team previously worked together at Canyon State Oil Co, according to Matrix Capital Markets Group Inc., which advised the company on the sale.