Around the Industry: RelaDyne Acquires Parker Oil
RelaDyne, one of the nation's leading providers of lubricants, fuel, diesel exhaust fluid (DEF) and industrial reliability services, begins its sixth year as an integrated business by acquiring Parker Oil Co. Inc., a family-owned lubricant distributor headquartered in Wichita, Kansas.
For more than 75 years, Parker Oil has serviced automotive and commercial companies with quality lubricants, chemicals and automotive products, building strong business-to-business relationships with its customers. As part of RelaDyne, Parker Oil will strategically expand RelaDyne's geographic reach into northern Oklahoma, Kansas and Missouri.
Parker Oil customers can continue to expect the same level of exceptional customer service and will soon have additional avenues of interaction with Parker Oil, including access to RelaDyne Express, RelaDyne's online ordering and account management platform. Customers will be able to place orders and access invoice data anytime, anywhere.
Jim Selenke will continue as general manager of the RelaDyne-Parker Oil locations.
"Parker Oil is very excited to become part of the RelaDyne family," stated Selenke. "We look forward to the opportunity to continue to provide our customers with the same level of products and services they have come to expect from us for more than 50 years. With this change, we are excited to be able to offer our loyal customers a more expanded line of products and services, which will be afforded to us as part of the RelaDyne team."
Jeff Hart, executive vice president of Business Development for RelaDyne, commented on the acquisition.
"This acquisition is the result of our team's continuous execution of our acquisition strategy. RelaDyne continues to be the partner of choice for many companies in the fuel, lubricant, and services business. This transaction is the first of many for 2016 as we continue to create a national platform," Hart said.
"The Parker acquisition is a great way to start the New Year," stated Larry Stoddard, president and CEO of RelaDyne. "We welcome their customers and associates and cannot wait to introduce our products and services to new markets."