H&S Energy acquires Andretti Petroleum Group
Published on: Mar 19, 2024
As one of the largest retailers and fuels distributors on the West Coast and Pacific Northwest region, the company operated a total network of 170 convenience retail and fuels distribution assets.
Andretti Petroleum Group has sold its convenience retail, fuels distribution, cardlock, fleet card, commercial fueling, car wash, lubricants and transportation businesses to H&S Energy and its affiliates.
Andretti is one of the largest convenience retail and fuels distribution businesses on the West Coast and Pacific Northwest, operating in northern California, Oregon and Washington. Founded in 1997, the business developed from a Texaco facility in downtown San Francisco into a retail and distribution network through organic growth and a series of acquisitions.
The enterprise completed its first major acquisition in 2001, when it purchased a chain of convenience stores and dealer operations in Monterey County, California. In 2005, the company expanded further north with the acquisition of Humboldt Petroleum’s 16 company-operated stores.
“We are delighted to transact with H&S Energy as the new steward of our enterprise. Our companies share similar stories, starting with single sites, then growing into formidable players in our industry,” said M.J. Castelo, CEO and Managing Member of Andretti Petroleum Group.
Andretti’s most transformative acquisition occurred in 2017, when it purchased Colvin Oil Company of Grants Pass, Oregon, more than doubling its size and operations.
Prior to the sale, Andretti Petroleum Group consisted of nearly 170 convenience retail and fuels distribution assets in California, Oregon, and Washington.
Based in Orange, California, H&S Energy was founded by Sal Hassan in 1996 with one gas station. Today, the company operates more than 160 convenience stores under the Chevron, Texaco, Shell, and 76 fuel brands, and its own sites under the ExtraMile banner alongside its own proprietary brand, Power Market.
