Hi-Noon Petroleum, Inc. Acquired by Jacksons Food Stores, Inc.
MISSOULA, MT – Hi-Noon Petroleum, Inc. (“Hi-Noon,” or the “Company”), a prominent Montana-based branded petroleum marketer and convenience retailer headquartered in Missoula, MT, announced today the successful sale of its convenience retail, dealer wholesale, and transportation assets to Meridian, ID-based Jacksons Food Stores, Inc. (“Jacksons”). The transaction includes Hi-Noon’s 3 convenience retail stores, 46 dealer accounts, and its entire fleet of transportation assets.
Spanning nearly 50 years of operations, Hi-Noon has grown to become one of Montana’s most prominent distributors of branded motor fuels. Entering the Company as its CFO in 2003 to assist in restructuring the Company, Dirk Cooper acquired ownership from its founder, William J. Nooney (“Senior”) in 2015. Dirk’s tenure at Hi-Noon has been a remarkable success story. Under his leadership, Hi-Noon’s “Noon’s” stores have been recognized as community-favorite destinations, celebrated for their exceptional customer experience and high-quality product selection. Alongside its retail success, Hi-Noon’s wholesale fuel division has set the standard for reliability and service across Montana, securing its position as the leading provider of branded fuels in the greater Missoula area and beyond. Outside of Montana, Dirk represented and advocated for the industry in roles both statewide and nationally: (Montana Petroleum Marketers & Convenience Store Association (wpma.com/Montana), Western Petroleum Marketers Association (wpma.com) and SIGMA (sigma.org).
Dirk Cooper stated: “I would like to express my heartfelt gratitude to my entire team, and most notably to our CFO, Amy Buser. Amy has always been an incredible asset, and her efforts over the past few months were instrumental in ensuring the success of this transaction. Further, the professionals at Corner Capital demonstrated skill, knowledge, and unwavering support throughout the process. Combined with the incredibly strong team we worked with at Jacksons Energy, I will be forever grateful to have worked with the ideal partners to carry forward the legacy of our company.”
Jackson Energy and Jacksons Food Stores, Inc. own, operate, and supply stores across ten western states. The companies are vertically integrated, supplying fuel through Jackson Energy to customers and Jacksons Food Store locations.
Corner Capital Advisors, LLC provided valuation, strategic advisory, and mergers & acquisitions services to Hi-Noon. The transaction was managed by Andy Weber, Sean Stewart, CFA, Ben Achilles, and Juan Kemp. Andy Weber commented, “We are truly honored to assist Dirk, his family, and team with this transaction. Having known Dirk since we both first attended WPMA together years ago, we both have grown together in the industry and we are grateful to have earned his family’s trust and confidence to steward them through this entire process.”
Hi-Noon’s legal counsel was provided by Urs Broderick Furrer, Esq. of Harriton & Furrer, LLP, Danbury, CT. www.hflawllp.com
FOR FURTHER INFORMATION
P. A. Weber III (Andy), Corner Capital, aweber@cornercapitalpartners.com
Sean Stewart, CFA, Corner Capital sstewart@cornercapitaladvisors.com
Ben Achilles, Corner Capital bachilles@cornercapitaladvisors.com
Juan Kemp, Corner Capital, jkemp@cornercapitaladvisors.com
About Corner Capital
Formed in 2006, Corner Capital provides national transaction advisory services to all constituents in the Downstream Energy, Multi-Unit Retail, Business Services, and Distribution industries. Our national market coverage serves clients with staff in Texas, California, and Florida. For more information, please visit http://www.cornercapitalpartners.com/ or contact P. A. Weber III (Andy) at aweber@cornercapitalpartners.com, (805) 965-5510.