New Distributing, Inc. Convenience Retail Assets Acquired

For Immediate Release
Austin, TX
January 8, 2024

VICTORIA, TX – New Distributing, Inc. and Jayen, Inc. (“New,” or the “Company”), a branded petroleum marketer, wholesale fuel supplier, and convenience retailer headquartered in Victoria, TX, announced today the successful sale of its eight convenience retail properties and operations to Saad Ali of Houston, Texas. The retail locations operate under the Fastop and Cimarron store brands, and retail Conoco and Shell motor fuels at the locations. As part of the structured sale, New Distributing will retain fuel supply for the locations for up to 15 years.

Spanning three generations and headquartered in Victoria, TX, New Distributing, Inc. has grown to become a well-known destination in its concentrated, stable demographic with rapid population growth expected to continue throughout the next decade. The Company’s newly constructed, large-format convenience retail stores have a stellar track record of serving customers throughout the market in Southeast Texas. Jon New stated: “Today’s transaction allows us to re-direct our resources and capital to our long-term emphasis on our dealer wholesale supply, commercial fuels, and lubricants. Corner Capital and their team were instrumental in getting our buyers to the closing table and were particularly knowledgeable in the framework and structure of the transaction while retaining the branded fuel supply. We were pleased with their entire efforts.”

Mr. Ali and his operating partners, which purchased New Distributing’s retail assets, will continue operating under the Fastop and Cimarron brands and are committed to making additional investments in the locations. Saad Ali and family who are multi-unit operators in Texas expressed their excitement in continuing to work side-by-side with national fuel brands Conoco and Shell for years to come.

Carl Ray Polk, Jr., along with the team’s of Corner Capital & Corner Realty, managed the transaction including real estate, leases and business valuation, and structured transaction services. Carl Ray stated: “Having known Jon and his son Devin since my days as a retailer and marketer, we were extremely pleased to provide our transaction services as they exited retail operations. With New Distributing, Inc. retaining fuel supply at these locations, we were able to assist Jon and Devin’s expansion plans for his wholesale distribution segment for the foreseeable future.”


P. A. Weber III (Andy), Corner Capital,

Carl Ray Polk, Jr., Corner Capital,

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. Corner Realty, LLC is a nationally licensed real estate brokerage company dedicated to convenience and other retail industries. Our national market coverage serves clients with staff in Texas, California, and Florida. For more information, please visit or contact P. A. Weber III (Andy) at, (805) 965-5510.