KLH Builds Fuel Equipment Supplier and Servicer

KLH Builds Fuel Equipment Supplier and Servicer

Petroleum Marketers Equipment Company supplies and services fuel system equipment in Oklahoma and northern Texas

The company’s equipment includes point-of-sale systems, dispensers, tanks, piping, and gauges

SOURCE: Petroleum Marketers Equipment Company

D&H United Fueling Solutions, a portfolio company of KLH Capital, has added-on with the buy of Petroleum Marketers Equipment Company. KLH acquired D&H in partnership with the company’s management team in February 2020.

D&H is a supplier of fuel system equipment, installation, and maintenance services to the retail, commercial, government and municipal vehicle fueling markets. The company’s equipment includes point-of-sale systems, dispensers, tanks, piping, fuel gauging and monitoring, spill containment and overfill prevention devices, and card readers and payment systems. According to the company, it has the largest geographic reach of any fuel system service company in the southwest United States with multiple branches across Texas and New Mexico, and service technicians operating in Arizona, Colorado, Louisiana, Oklahoma and Arkansas.

San Antonio-headquartered D&H, led by CEO Bo Sasnett, has 350 employees and can trace its beginnings back to 1936 when it was founded in Dallas as United Pump Supply. D&H is an authorized distributor and service provider for fuel pump maker Gilbarco Veeder-Root as well as other major equipment brands.

Like D&H, Petroleum Marketers is a supplier and servicer of fuel system equipment to the vehicle fueling markets in Oklahoma and northern Texas with branches in Oklahoma City, Tulsa, and Dallas-Ft. Worth.  The business, led by President Bryan Newcomb, was founded in 1966 and is headquartered in Tulsa.

The combination of D&H and Petroleum Marketers creates a company with more than 350 employees, including 230 field technicians with 12 branches operating in Texas, Oklahoma, New Mexico, Arizona, Colorado, Louisiana, and Arkansas.

“We are very excited to welcome Bryan Newcomb and the Petroleum Marketers’ team to the D&H United family,” said Mr. Sasnett. “We have a deep respect for their team and their 50+ year history and reputation in our industry.  Our companies have similar family-oriented cultures with a focus on providing excellent service to our customers. Together, we will provide greater scale, resources, and coverage for both our customers and vendor partners.”

“D&H United’s services are essential to the petroleum infrastructure located throughout the growing sunbelt of the Southwest,” said James Darnell, a partner at KLH. “We are excited to continue to support the company’s vision and expansion with the acquisition of Petroleum Marketers.”

KLH makes majority and minority investments in family- and founder-owned distribution, specialty services, and niche manufacturing companies that and have EBITDA from $4 million to $20 million. KLH was founded in 2005 and is headquartered in Tampa, Florida.

© 2021 Private Equity Professional | August 6, 2021

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