Pugh-Apollo Announce the Acquisition of Veteran's Oil

ASHEBORO, N.C., Oct. 10, 2017 /PRNewswire/ -- Pugh Lubricants and Apollo Oil ("Pugh-Apollo") announce the acquisition of Veteran's Oil, headquartered in Birmingham, Alabama. Veteran's Oil is a leading regional distributor of fuels, lubricants, diesel exhaust fluid, and related products and services for the automotive, commercial, and industrial markets. Veteran's Oil covers the Alabama and Georgia markets from distribution centers in Birmingham, Montgomery and Atlanta. This geography borders the existing company footprint that includes North Carolina, South Carolina, Virginia, Tennessee, Kentucky, Ohio, and West Virginia.

Pugh-Apollo President Mike Pugh said, "The addition of Veteran's Oil is a great fit for our organization and will strengthen our ability to serve customers throughout the Southeast. We are excited to expand further into Alabama and Georgia with a great new partner who shares our commitment to delivering quality products and providing great service." Jason Musgrove, General Manager, Veteran's Oil said, "This is a great opportunity to bring Veteran's top quality workforce and exceptional customer service into an organization with similar values."

Key strategic benefits of the acquisition include:

• Augmented product offerings and deeper market footprint. The larger distribution reach offers suppliers unmatched access to customers in the expanded operating region and provides a greater selection of products and services for customers.
• Enhanced service for customers. The combination of the companies' resources allows for accelerated investment in technology and personnel, reinforcing the company's leading position in service to its customers.
• Investment in employees. The larger and growing organization allows for enhanced training, technology, and career advancement opportunities for employees, making the firm a preferred employer in the markets served.
• Plans to pursue further expansion. The company plans to pursue organic and inorganic growth opportunities while continually investing in its value proposition to customers and suppliers.

The transaction was effective as of Sept. 26, 2017.

About Pugh Lubricants and Apollo Oil ("Pugh-Apollo")

Pugh-Apollo is a distributor of nationally branded and private label finished lubricants, antifreeze, and other ancillary product lines throughout the Carolinas, Virginia, Tennessee, Kentucky, Ohio, West Virginia and portions of Georgia, Alabama, Illinois, Indiana, Mississippi, and Arkansas. For additional information, www.PughLubricants.com and www.ApolloOil.com.

About Veteran's Oil

Veteran's Oil is a distributor of nationally branded and private label fuels, finished lubricants, antifreeze, and other ancillary product lines throughout Alabama and Georgia. For additional information, please visit www.veteransoilinc.com.

SOURCE Pugh-Apollo