Around the Industry: RelaDyne Inks Two Acquisitions
RelaDyne, a provider of lubricants, fuel, diesel exhaust fluid and industrial reliability services, recently announced it acquired Fentress Oil Company. Fentress has been an independent distributor of lubricants, fuel and related products and services in Oklahoma for more than three generations.
Fentress has three strategically located facilities in Oklahoma City, Tulsa and Ada, Oklahoma, ideal for servicing the Oklahoma market. The acquisition of Fentress is contiguous with RelaDyne’s Gulf Coast region, which includes Texas, Louisiana and Arkansas.
Former Fentress owners, Si Fentress and Randy Perry, and the entire sales and operations team will be staying with the company to ensure continuity for customers, employees and suppliers. Fentress will operate as a new hub for RelaDyne with former owner, Perry, as the branch manager moving forward.
In addition to the Fentress acquisition, RelaDyne also acquired the business of Greg Wright Supply in northern Indiana to expand its products and services reach. This acquisition closes the geographical gap between the Chicago/northwest Indiana and Indianapolis markets.