For Immediate Release
Another Step Towards Building Multi-Billion Dollar Petroleum Marketing Venture
The addition of Trevco will significantly expand Simon’s existing geographic footprint in the Rocky Mountain region. Key personnel from Trevco will join the Simons team in continuing to serve the industry and supply the customer base with the highest level of customer service.
“The Trevco acquisition is an excellent strategic fit for Simons Petroleum,” said CEO Roger Simons. “Trevco is a long-time industry participant that shares a common vision with Simons in the commercial and industrial markets it has served. The Trevenen family and their employees have a reputation of providing excellent customer service with very efficient operations, and we believe this will facilitate a successful transition.”
About Simons Petroleum
Waud Capital, together with RBC Capital Partners (n/k/a Cadent Energy Partners) and Northwest Capital Appreciation, Inc., partnered with senior management to acquire Simons in April 2004 and have committed more than $50 million to finance acquisitions in the petroleum marketing and distribution industry. To learn more about the company, please visit .
About Waud Capital Partners, L.L.C.
WCP partners with exceptional management teams to invest in middle market buyouts, recapitalizations, industry consolidations and growth equity investments. The firm seeks to invest $10 million to $50 million in private companies in the following four areas: business and consumer services, healthcare services, specialty distribution and value-added manufacturing businesses. Typically, the companies in which WCP invests have enterprise values between $30 million and $150 million. Since its founding, Waud Capital Partners has successfully made more than sixty investments, without a single capital loss, in a wide range of industries, including adhesives, alarm monitoring, automotive components, coatings, consumer products, lighting, litigation services, petroleum distribution, pharmaceuticals, publishing, sealants and specialty hospitals. The firm is backed by a number of institutions, including Citigroup, Middlebury College, SunAmerica, The St. Paul Travelers Companies and the University of Chicago Hospitals, among others, as well as a number of well-known families and high net worth individuals.