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smokeoil.net

Stage

Acquired | Acquired

About Smoke Oil

Smoke Oil provides fuel and lubricant solutions to customers ranging from major retail convenience chains to small fleet operators.

Smoke Oil Headquarter Location

50 King Line

Spartanburg, South Carolina, 29302,

United States

864-578-6686

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Latest Smoke Oil News

Colonial Group Expands Fuel and Lubricant Services Reach with Acquisition of Smoke Oil

Jun 13, 2014

FOR IMMEDIATE RELEASE   PRLog (Press Release) - Jun. 13, 2014 - SAVANNAH, Ga. -- Colonial Fuel & Lubricant Services, Inc. (“CFLS” for short), a wholly owned subsidiary of Colonial Group, Inc., has acquired Spartanburg- based Smoke Oil, Inc. as part of the continued expansion of its fuel and lubricant services offerings, which now spans Georgia, South Carolina and North Carolina. CFLS is a service-based organization providing fuel and lubricant solutions to customers ranging from major retail convenience chains to small fleet operators. Tom Nuckolls bought Smoke Oil, located in Spartanburg, SC, in February 2004. After two years, he acquired a small home heating operation in Asheville, NC, which has grown into a regional commercial and residential fuel delivery operation. In 2009, Nuckolls acquired another commercial fuel and lubricant operation from Gaffney, SC that also helped extend his reach. Nuckolls said, “Through a collaboration of these companies, we are able to deliver fuel, lubricants and diesel exhaust fluid to residential and commercial customers in South Carolina and North Carolina with services geared to handle everything from complex port-related and industrial businesses to mom-and-pop service stations.” When Colonial Group bought Smoke, the company had about 30 employees and sold about 16 million gallons of fuel annually. Robert H. Demere, Jr., President of Colonial Group underscored the importance of Smoke Oil’s organizational culture and customer approach in making his decision to pursue the acquisition. “We trust and empower our people to be creative solution providers for our customers. Tom is laser-focused on developing a team that delivers for the customer, and we’re fortunate to have him on board.” Demere said. Nuckolls will assume overall leadership of CFLS as its Vice President and General Manager. For his part, Nuckolls added that a commitment to sustained growth heavily factored in his decision to become part of the family organization, adding “We are very excited about the partnership with Colonial and look forward to growing our business through internal growth as well as through acquisitions.” For additional information, please contact: Tom Nuckolls Colonial Fuel & Lubricant Services, Inc. 130 Old Airport Rd

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