Corner Capital is pleased to welcome Rob Thomas to the Business Development team at Corner Capital effective January 1, 2021. After 34 years of service with both Shell Oil Company and Motiva LLC, Rob recently retired from his position as Sales Manager in the Southeast U.S. Early in his career Rob served in numerous capacities in the field for Shell, responsible for petroleum product sales and managing retail districts from Louisiana to Florida to the Carolinas, as well as Delaware to Maine in the Northeast. Rob also held management positions in Shell’s Houston corporate office, including Manager, Credit Card Products and Services and Manager, Retail Supply and Logistics. Rob’s extensive experience and relationships throughout his career builds on Corner Capital’s Downstream Energy platform of providing in-depth transactional advice to all constituents in the sector.
Denver, CO. (January 18, 2018) – Western Convenience Stores, Inc. has announced the sale of all of its convenience stores and gasoline stations to Denver-based Pester Marketing Company today. Western currently operates 42 locations in and around Denver, Colorado Springs, Pueblo, Grand Junction, Colorado mountain resort locations and Western Nebraska.
Master Limited Partnerships (MLPs) have been around for decades. However, in 2008, the IRS ruled that certain downstream energy assets, such as wholesale fuel sales to end users (dealers) and real estate associated with downstream assets, would qualify for MLP treatment. This served as a catalyst to spur investment and organizational structures to take advantage of the tax advantage offered by MLP entities. Since then, multiple downstream MLPs have issued units to investors in the capital markets.
For this month’s Master Class Interview, we talked with Andy Weber, the founder of Corner Capital — a national advisory firm providing transactional, financial, and industry-related services to the domestic Downstream Energy industry and its related infrastructure.