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  6. Empire Petroleum Partners, LLC

Empire Petroleum Partners, LLC

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9055 COMPRINT CT STE 200 GAITHERSBURG, MD 20877 Get Directions

(301) 921-9200

www.empirepetroleum.com

Business Info

  • Founded 2011
  • Incorporated MD
  • Annual Revenue $14,698,746.00
  • Employee Count 45
  • Industries Crude Petroleum And Natural Gas
  • Contacts Hank Heithaus

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Company Summary

Empire Petroleum Partners, LLC (“Empire”) and the Quik-Way Group (“Quik-Way”) announced today that they have merged their operations to create a powerful, multi- regional fuel distributor which serves over 530 customers across 13 Mid-Atlantic, Southeastern and Midwestern states. In addition to its large wholesale business, the combined entity also controls the real estate interests in 170 convenience stores and gas stations that span from Maryland to Texas.

As part of the merger, Empire received its second major equity infusion from American Infrastructure MLP Fund (“AIM”) and also established a $100 million credit facility to facilitate future growth. The investment enables Empire to accelerate its acquisition plans and expand its services to additional dealers and customers in a broader geographic area. The Company anticipates that this growth will come from investments in other fuel distributors, retail operators, real estate and other petroleum-related infrastructure.

“The Quik-Way assets provide us with substantial scale and allow Empire to immediately expand into the Texas and Louisiana markets,” said Empire’s President and Chief Executive Officer, Eli Kimel. “With this recent acquisition, Empire will also become a major Shell distributor which should help fuel additional growth. We believe that the industry is in considerable transition, and our goal with Empire is to create a unique and stable fuel distribution platform for which other like-minded operators can prosper together with us.”

Rick and Alan Golman, Managing Members of Quik-Way, added, “Our family has operated Quik-Way and its affiliated companies for over 60 years. We are excited to continue our legacy with Empire and we look forward to a stronger enterprise with the combined management capabilities and industry experience of both teams.”

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LAST VERIFIED: 4 - 14 - 2014
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