JB Dewar, Inc. Acquires McCormix Corporation and Santa Barbara Fuel Dock, Inc.

For Immediate Release
Austin, TX
December 4, 2025

SANTA BARBARA, CA – JB Dewar, Inc. (“JB Dewar”), a fourth‑generation, family‑owned distributor of fuels and lubricants on California’s Central Coast, announced today the acquisition of McCormix Corporation and Santa Barbara Fuel Dock, Inc. (collectively, “McCormix”), a premier Santa Barbara–based distributor of fuels and lubricants with more than 50 years of operating history.

Founded in 1969 by Burt McCormack and subsequently purchased in 1997 by J. A Fischer, the McCormix team succeeded in growing the company into the dominant petroleum distributor serving the greater Santa Barbara region. The Company provides gasoline, diesel, diesel exhaust fluid (DEF), and lubricants to commercial, municipal, industrial, agricultural, rail, emergency response, and marine‑related customers in Santa Barbara and the surrounding coastal communities. McCormix operates three CFN‑affiliated cardlock fueling locations, maintains bulk storage at its headquarters facility, and utilizes a specialized fleet of tankers, bobtails, and service vehicles to meet the diverse fueling needs of its customer base.

Integral to the McCormix family is the Santa Barbara Fuel Dock, Inc., the only marine fuel dock in the Santa Barbara Harbor. The Fuel Dock supplies diesel, gasoline, lubricants, and ice to commercial fishing vessels, harbor operators, tour boats, and recreational boaters. The facility serves as a critical fueling asset for the harbor’s commercial and recreational maritime activity.

JB Dewar, founded in 1933 and headquartered in San Luis Obispo, shares McCormix’s long history of family ownership and deep community engagement across the Central Coast region of California. The stock acquisition brings together two family‑owned companies with strong cultural alignment, complementary service models, and a shared commitment to operational excellence and customer service.

Ken Dewar stated, “This acquisition is a meaningful step for JB Dewar and a continuation of the values our family has upheld for nearly a century. Bringing McCormix into the JB Dewar family allows us to strengthen our service to the Central Coast and honor the legacy both companies have built in their communities.

I am deeply grateful to everyone who helped bring this together – Sean, Nick, and Andy at Corner Capital, and Russ and Jake at Reicker Pfau for their steady legal guidance. And above all, I want to thank Morgan for her unwavering support and leadership as we carry our fourth-generation family business forward.”

Corner Capital Partners, LLC served as JB Dewar’s exclusive financial advisor, providing buy-side merger and acquisition advisory services to JB Dewar, which included advising on valuation, deal structure, financing and other transaction terms. The transaction was managed by Andy Weber, Sean Stewart, CFA, and Nick Stricker, CPA.

Andy Weber of Corner Capital commented, “This transaction represents a rare family‑to‑family combination for petroleum distributors in today’s M&A environment. Both JB Dewar and McCormix have served their communities for decades, built reputations for high‑touch service, and maintained deep relationships with customers across generations. Having known both parties for many years, we were honored to assist Ken Dewar, Morgan Dewar Voss and their team on this acquisition and are confident that the Dewar family will continue to build upon the McCormix legacy in a meaningful way.”

Legal counsel for JB Dewar, Inc. was provided by Russell Terry of Reicker Pfau, Santa Barbara, CA.

FOR FURTHER INFORMATION

Andy Weber, Corner Capital, aweber@cornercapitalpartners.com

Sean Stewart, CFA, Corner Capital, sstewart@cornercapitaladvisors.com

Nick Stricker, CPA, Corner Capital, nstricker@cornercapitaladvisors.com

ABOUT JB DEWAR

Founded in 1933, JB Dewar is a family‑owned distributor of fuels and lubricants for California’s Central Coast. JB Dewar serves a diverse customer base, with a long‑standing commitment to community involvement and customer care.

ABOUT MCCORMIX CORPORATION & SANTA BARBARA FUEL DOCK, INC.

McCormix Corporation, founded in 1969 and headquartered in Santa Barbara, CA, is the leading regional distributor of fuels and lubricants. McCormix has served commercial, municipal, agricultural, industrial, emergency response, and marine‑related customers across the Santa Barbara region for more than five decades. Santa Barbara Fuel Dock, Inc. owns and operates the only marine fuel dock in the Santa Barbara Harbor, supplying diesel, gasoline, lubricants, and ice to commercial fishermen, tour operators, harbor service providers, and recreational boaters.

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 cornercapitalpartners.com