Dive Brief:
- JB Dewar, a California-based fuel distributor, has acquired local competitor McCormix Corporation and its Santa Barbara Fuel Dock for an undisclosed amount, according to a press release from Corner Capital, which coordinated the sale.
- The deal includes three cardlock sites, a bulk storage facility, a marine fuel dock and a fleet of delivery vehicles, according to the announcement.
- While c-store M&A has been a point of focus for the industry, transportation energy companies have also been consolidating this year.
Dive Insight:
JB Dewar’s deal follows Pilot’s fuel arm buying Down Energy, United Fuels Midwest selling to three different buyers and Shell selling part of its electric vehicle charging arm to Jolt.
McCormix, which was founded in 1969, delivers to Los Angeles, Ventura, Santa Barbara, and San Luis Obispo counties, according to its website. The fleet includes tankers, bobtails and other service vehicles. Santa Barbara Fuel Dock is the only marine fuel dock in the Santa Barbara Harbor.
Family-owned JB Dewar, which is nearly a century old, offers numerous services, including cardlock sites, fuel and lube delivery and oil analysis. It also operates Dewar Depot retail stores at Pacific Pride cardlock fueling sites in San Luis Obispo, Paso Robles and Santa Maria, according to its website.
Ken Dewar, the company’s president, stated, “Bringing McCormix into the JB Dewar family allows us to strengthen our service to the Central Coast and honor the legacy both companies have built in their communities.”
