In the News

College Station, Texas – Corner Capital Advisors is pleased to announce the successful sale of Brenco Marketing Corporation (“Brenco”) to Sunoco LP (NYSE: SUN) effective October 16th, 2018. The acquired wholesale fuels business distributes approximately 95 million gallons of gasoline and diesel annually across a network of approximately 160 dealer and commission agent-operated locations and…

Ukiah, CA. – Eel River Energy, Inc. (“ER Energy”), is pleased to announce the successful sale of its propane business and distribution assets to ThompsonGas, LLC (“Thompson”) effective today. ER Energy distributes propane to over 10,000 residential and commercial end-users, with terminals and customers throughout Northern California, Reno NV, and the Sierra Mountain range of…

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. Commenting on the acquisition, Rich…

Andretti Petroleum Group expands into Oregon and Washington San Carlos, CA (May 2, 2017) – The Andretti Petroleum group and Lane Colvin have acquired the assets of Colvin Oil Company. The transaction combines the resources of two strong company owned-company operated retail chains and fuel supply organizations. Colvin Oil was founded in 1960 by Mervyn…

October 11, 2016 – Nacogdoches, TX / Santa Barbara, CA Denny Oil Company, Inc., owner of the Check Point convenience store chain, is pleased to announce that it has closed a transaction with certain affiliates of Sunoco LP to sell its Check Point convenience store chain that operates throughout East Texas and West Louisiana, primarily…

Corner Capital Advisors, LLC is extremely pleased to announce that Rick Golman has joined its team as Senior Vice President, Business Development. Rick brings a long and successful career in Downstream Energy to the firm, most recently as a Board member of Empire Petroleum Partners, LLC where he served for over 4 years. “I am…

June 22, 2016 – Navasota, TX / Santa Barbara, CA Kolkhorst Petroleum Company, owner of the Rattler’s convenience store chain, is pleased to announce that it has closed a transaction with certain affiliates of Sunoco LP to sell its 14 Rattlers convenience stores that operate throughout Central and South Texas, primarily distributing Exxon, Shell and…

April 8, 2016 – Navasota, TX / Santa Barbara, CA Kolkhorst Petroleum, Inc., owner of the “Rattlers” convenience store chain, is pleased to announce that it has executed a purchase agreement with certain affiliates of Sunoco LP (“SUN”) to sell its 14 Rattlers convenience stores along with its wholesale motor fuel distribution business. The transaction…

2015 has been a busy year for mergers and acquisitions in the downstream energy industry. Since October 2014, when oil prices dropped over 40%, six oil and gas companies have filed for bankruptcy. Debt service, which can be 10%+ of revenue, is often the culprit as well as poorly performing gas service bonds in the…

2015 was an interesting year for mergers and acquisitions in the downstream energy industry. In a market where MLPs are common, low oil prices and threats of rising interest rates put a pause in MLP creation and certain companies going public. At Corner Capital, we’re used to changing trends. We’ve seen a lot of investment…

Convenience Stores are a major part of the Downstream Energy Pipeline, and with oil prices at a halt, lenders should be looking at what makes convenience stores stand apart and find success. Some might be tempted to think that once you’ve seen one convenience store, you’ve seen them all. At Corner Capital, we know that…