FORT WORTH, TX (DFW) – Classic Star Group LP and Ziptron Energy, Inc. (“Classic”) based in the Dallas-Fort Worth area and distributors of branded and unbranded fuels and branded lubricants in Texas, Louisiana, Tennessee, Virginia, Kentucky, and Georgia announced today that they have successfully consummated the sale of their businesses to Brad Hall & Associates (”Brad Hall”) of Idaho Falls, ID.
Brad Hall is one of North America’s fastest growing independent suppliers and marketers of fuel and petroleum products in the western United States and represents most major brands in addition to unbranded refined petroleum products.
“Bringing together our backgrounds in petroleum and convenience retailing, my brothers began the Classic Star partnership and business model in 1999. We are very proud of what we have created through our dedication to customer relationships, and we believe Brad Hall appreciates and will continue to grow these relationships into the future.” stated Andrew Bharwani and Mike Ali of their Classic Star family partnership.
Formed in 1999, Classic distributes branded petroleum products including Chevron, Exxon, Mobil, Shell, Texaco, Valero, Conoco, and Phillips 66 and other unbranded products across its two companies, primarily to independent dealer-operators of convenience stores. Both Classic Star and Ziptron also distribute lubricants and fuels to commercial end-users in their geography, representing approximately 300 million gallons sold annually.
Classic Star has been an award-winning distributor for numerous brands, including earning recognition in Chevron’s top-tier Regal Status for the past 5 consecutive years. The three brothers and their businesses are very active in the communities they serve. Through various organizations serving entrepreneurs interested in convenience retailing, they have dedicated their time, resources, and funds to encourage and support their network of customers and community. The Classic Star family intends to continue to expand its real estate and retail portfolio and opportunistically invest in new business ventures.
The purchase of Classic by Brad Hall represents another large acquisition and a strategic effort by Brad Hall to expand in the Southeast U.S. “We have identified Texas and the surrounding markets as a great opportunity for our company. The Classic Star & Ziptron businesses presented a compelling and complementary addition to the Brad Hall family and way of doing business,” stated Logan Hall, President of Brad Hall & Associates. “Our companies serve our customers in a similar manner, and we are excited to welcome their dealers to our family.”
Corner Capital Advisors, LLC represented Classic Star Group LP and Ziptron Energy, Inc. in a M&A financial advisory capacity through its structured sale process of the business assets. Carl Ray Polk, Jr. of Corner Capital stated, “Our work with Mike, Andrew and their family has been a true honor, we could not be happier for the Classic Star family and their staff to be a part of Brad Hall’s expansion and know that the combined company has a great future ahead.”
FOR FURTHER INFORMATION
ABOUT CORNER CAPITAL
Since 2006 Corner Capital provides financial, transactional, and strategic advisory services to entrepreneurs, operating companies, financial institutions, and investors in all segments of the Downstream Energy Industry and including Convenience Retailing and all multi-unit retail formats, in addition to other business services sectors. For more information, please visit http://www.cornercapitalpartners.com/ or contact P. A. Weber III (Andy) at email@example.com , (805) 965-5510.