Press Release The two companies have signed a definitive agreement that will see SC Fuels grow to be one of the largest cardlock operators in the western United States. The transaction is scheduled to close on April 30, 2015. “DeWitt’s assets complement our geographic footprint and fit well within our core markets. This acquisition will add significant long-term value to our company and provide SC Fuels the opportunity to strengthen our market presence and leverage our operating platform,” said SC Fuels’ Chief Operating Officer, Steve Greinke. “We are very pleased to welcome the DeWitt team to SC Fuels.” DeWitt is a family owned and managed business, founded by J. E. (Hap) DeWitt in 1945 and currently directed by the third generation President, Mary DeWitt Wilson. Their focus ‘business to end user’ fuel sales, began when the petroleum product sales were to local farms, cities, schools and fleets in the late 1940s. The early 1949 use of a clipboard & key (keylock) for customers fueling their vehicles at their South El Monte plant evolved by joining the Commercial Fueling Network (CFN) in 1988, which allowed customers to manage and control their fleet fueling nationwide. The business to business effort expanded with the addition of an on-site fleet fueling offering in 2000. Since 1945, DeWitt has become one of the best business-to-business fuel suppliers in Southern California known to provide responsive, reliable, and local customer service. Well-respected, industry leader, John DeWitt has agreed to join the Advisory Board of Directors of SC Fuels. SC Fuels established an Advisory Board of Directors to gain senior-level counsel and an independent perspective on an array of strategic, operational, and financial issues. “We’re thrilled to have such an accomplished executive join our team,” said Steve Greinke. “His experience, expertise, insight, and relationships will be an invaluable asset as we take the company to its next level of development.” Established in 1930 as Southern Counties Oil Co., SC Fuels is the oldest and largest petroleum distributor on the West Coast. Serving over 35,000 customers annually, SC Fuels delivers commercial bulk fuels, wholesale branded fuels, lubricants, and alternative fuels. SC Fuels also is a leading provider of commercial cardlocks and fleet card services, and provides mobile on-site fueling. The financial terms of the transaction were not disclosed.
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