02.13.20 Thursday
Transaction Announcement: Nimocks Oil Company, Inc., dba Circle N Markets, sells to Jordan’s Kwik Stop, Inc.
By: P. A. (Andy) Weber III
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Forrest City, AR (February 5, 2020) – Nimocks Oil Company, Inc., dba Circle N Market (the “Company”) has announced the successful sale of all of its convenience stores and related assets to Jordan’s Kwik Stop, Inc. effective February 5, 2020. Corner Capital is pleased to have provided business valuation services and its structured sale process to assist Nimocks Oil Company in its corporate efforts.

Mallory and Carla Nimocks commented upon closing of the transaction, “We have had a long and fruitful journey in this industry, and we are excited to begin a new chapter as we transition our stores, customers and employees to a neighbor that shares our passion for the business and our community values. We know Jordan’s will continue our legacy and are pleased to have worked with them throughout this process.” Nimocks Oil Company is a second-generation marketer.

“As a long-time friend and business colleague of Mallory and Carla, it was an honor to assist and counsel them as they considered pursuing this effort,” commented Don Mitchell of Corner Capital, “and we greatly appreciate their trust and confidence in us throughout the process.”

About Corner Capital

Since 2006 Corner Capital has been providing financial and strategic advisory services to entrepreneurs, refiners and marketers, retailers, terminal and transportation operators, financial institutions and investors covering all trade channels of petroleum products in the Downstream Energy Industry. For more information, please visit http://www.cornercapitalpartners.com/ or contact P. A. Weber III (Andy) at [email protected], (805) 965-5510.

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“Corner Capital led us through a strategic analysis of our branded dealer business, interfacing with our Board throughout. When the Board determined to exit that segment, Corner Capital expeditiously executed our structured sale process and outperformed our value expectations.”
-Ken McPherson, The McPherson Companies, Alabama
“Andy Weber and his team at Corner Capital have done exceptional work supporting transactional, valuation, and various proprietary initiatives at our companies. Andy’s extensive industry experience, technical competence, and practical "real world" approach is a valued resource to our organization. The Corner Capital team consistently delivers-----and always in a most timely and impactful manner.”
-M.J. Castelo, Managing Member & President – Andretti Petroleum LLC / Peninsula Petroleum LLC / Humboldt Petroleum Inc.
“Corner Capital demonstrated patience and persistence in our negotiations over a year’s time, solving a complex structuring project. The end result was a tremendous amount of value and a great long-term relationship.”
-Rene Anabi, Anabi Holdings North Master, LLC
“On several occasions, we were approached with different opportunities to exit the industry. Before giving any real consideration to any of those options, my family engaged Corner Capital to provide a Fair Market Valuation for our business. As a result, we furthered our engagement to allow Corner Capital to manage the structured process for our exit strategy. Their knowledge, industry experience, and personal touch provided Lois and me the comfort needed to successfully close our transaction with Sunoco. Without a doubt, a wise decision on our part to bring the Corner Capital team into our process.”
-Jim Kolkhorst, Kolkhorst Petroleum & Rattlers Convenience Stores, Texas
“The folks at Corner Capital demonstrated great leadership and industry knowledge managing our financing requests. I was able to consolidate my debt structure, reduce costs, and create capacity to meet our growth needs. I’ve recommended them to my peers and my customers.”
-Jeffrey Magness, Magness Oil Company
“Lard Oil recently engaged Corner Capital Advisors on two projects, first to assist in an acquisition opportunity and the other to manage the process to refinance our Sr. term and revolver facilities. The CCA team brought a wealth of knowledge and expertise and did so under our strict timelines and expectations. I have no reservations of recommending their firm and intend to engage with them as other opportunities present themselves.”
-Johnny Milazzo, President and CEO – Lard Oil Co., Denham Springs, LA
“Corner Capital successfully negotiated and facilitated my refi project and helped me find additional capital to support my ongoing growth plans. They managed all aspects of the project very well and I would not hesitate to use them again or to recommend them to other marketers.”
-Carlos Garza, La Lomita
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