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.
Share:
CINCINNATI, Dec. 10, 2020 /PRNewswire-PRWeb/ RelaDyne, one of the nation s leading providers of lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, finishes the year strong by acquiring New West Oil Company, a prominent lubricant and commercial fuels distributor serving customers in Arizona and Southern Nevada.
New West Oil Company ( New West ) was founded in 2011 by four industry veterans – Tim Genrich, Ron Reeves, Tom Turley, and Terry Cooney – with a mission to provide customers with exceptional service and quality products at fair prices and a belief that Relationships Matter. By 2013, New West had expanded its services division (New West Environmental) to handle used oil, used coolant, used oil filter pickup, and vacuum services. For the next few years, New West continued to expand, becoming one of Valvoline s largest distributors in the country.