In the News

Andretti Petroleum Group expands into Oregon and Washington

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…

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Nacogdoches, TX / Santa Barbara, CA – Press Release

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…

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Rick Golman – Press Release

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…

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Kolkhorst – Press Release

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…

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Southwest Fuel & Convenience Expo

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Kolkhorst – Press Release

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…

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What does 2016 hold in the M&A Marketplace?

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…

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Demand for Downstream MLP units in the 2016 Market

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…

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What Downstream Lenders Should Know about Regional Differences in Convenience

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…

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Current State of Downstream Master Limited Partnerships and M&A Activity in 2016

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…

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Interview: Andy Weber, Corner Capital (By Retail Petroleum)

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. Andy Weber began his career at Shell Oil Company, serving in various management capacities, responsible investments in dealer…

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Marketing Strategies for Modern Convenience Stores

There’s been a lot of press coverage lately about “modern” convenience stores. The verdict seems to be that convenience stores of the future are very individual focused, offer healthy options, and embrace technology. Those are all great attributes, but how do convenience store chains need to change their marketing to communicate their evolving value to…

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