Infinity Capital Partners Advises Rosewood Private Investments in Acquisition of Petroleum Equipment Company and American Petroleum Sales and Service
Dallas, TX (January 26, 2022) – Dallas, TX-based Rosewood Private Investments (“Rosewood”) has acquired American Petroleum Sales and Service (“AMPET”) and Petroleum Equipment Company, Inc. (“PECO”). Infinity Capital Partners served as exclusive investment banking advisor to Rosewood.
AMPET, headquartered in Southaven, Mississippi, is a petroleum equipment distributor with full-service installation, distribution, and servicing capabilities. Founded by Gary Murphy in 1990, the company operates out of four branch locations in Mississippi, Arkansas, and Tennessee.
Originally founded by E.W. Fox in 1944, PECO is a leading petroleum equipment distributor and service company based in Richland, Mississippi with customers in multiple states in the southeast. Forrest Rhemann is a third-generation owner and has served as the company’s CEO for nearly 40 years.
AMPET and PECO both have distribution territories assigned to them by the largest fuel dispenser OEM, Gilbarco. The territories are aligned geographically to easily combine and create one large, exclusive territory.
“By combining the businesses, we are able to extend the service offerings to both existing and new customer relationships. Additionally, we look forward to adding additional companies under the StationServ umbrella,” said G.T. Barden, Managing Director of RPI. “Gary and Forrest have worked to build diverse companies with strong teams and loyal customers, and we are excited to see the combined companies grow together.” Both sellers will remain involved in the business for a transition period.
“We are grateful for the opportunity to work with G.T. and the Rosewood team. They are smart, savvy investors who saw an opportunity to help build a new platform in this niche industry at a time of significant growth and change. I am confident they will be able to execute on their strategy to grow the business organically and acquire other businesses in the industry during their investment period,” said Chris Lee, Managing Partner of Infinity Capital Partners.”
About Rosewood Private Investments
Rosewood has a long history of investing in and creating value within numerous industries. RPI’s approach to working with operating partners to strategically grow companies through acquisitions and organic means has proven successful for all stakeholders. Our current holdings are focused on industrial services, fire & life safety services, IT services, and manufacturing technologies. In addition to these areas, we are pursuing new platforms in specialty chemicals, transportation & logistics, and outsourced business services, among others. We welcome any information about investment opportunities within these verticals. Visit www.rosewoodpi.com to learn more.
About Infinity Capital Partners
Infinity Capital Partners is an Oklahoma City-based middle-market investment bank offering a broad range of advisory services to private companies and financial sponsors across a variety of industries. Infinity works closely with owner-operators, shareholders, founders, and management teams of private companies to provide tailored services including M&A advisory, debt and equity placements, recapitalizations, and strategic advisory. For more information about Infinity Capital Partners, including a list of current projects, please visit our website at www.infinitycapitalpartners.com. Securities placed through Infinity Capital Securities, LLC. Member FINRA.
Claire Ashworth
Infinity Capital Partners
(405) 400-8977
cashworth@infinitycappartners.com