Brenton Point Capital Partners, a private equity firm, has formed Continental Fuel Group, a new business focused on acquiring and growing commercial fuel distributors across the Midwest, Mid-Atlantic and Southeast, according to a press release sent to NACS. The company is led by CEO Rob Lewis, a former fuel and fleet industry operator, and Chairman Vincent Hartnett, a logistics and fleet services executive.
According to the company, Continental Fuel Group is actively pursuing acquisitions of fuel distribution businesses in the bulk, on-site, mobile fueling and wholesale delivery sectors. It is focused on working with owners “who are ready for their next chapter, whether pursuing a full exit, stepping back from day-to-day operations or remaining involved as an equity partner in a larger organization,” it said.
The company is also targeting commercial fuel distributors that serve business end-users including construction, agriculture, transportation, marine, rail, municipalities and fleet operators.
“I’ve spent 25 years running fuel businesses, growing them and eventually selling them. I know what these businesses mean to their owners and their employees, and how deep their relationships with their customers are,” said Lewis. “We’re not a financial buyer looking to strip costs. We’re operators looking to build solid businesses for the long term. When we buy a business, we keep the name, the team and the customer relationships. We just make it stronger.”