PacWest Energy, LLC has acquired Washington-based Sun Pacific Energy’s convenience retail, dealer wholesale and transportation assets in a deal finalized on December 7, announced Corner Capital.
With the acquisition, PacWest acquired Sun Pacific’s nine large-format convenience retail stores, over 130 branded dealer accounts and all transportation rolling stock.
“The company’s newly constructed, large-format Sun Market stores have a stellar track record of serving customers throughout the Tri-Cities market in eastern Washington, and Sun Pacific holds a dominant market share for branded fuel distribution in the greater Seattle area,” Corner Capital said.
Spanning three generations and headquartered in Kennewick, Washington, Sun Pacific Energy has grown to become one of the largest distributors of branded and unbranded motor fuels in the Pacific Northwest.
“Today’s transaction represents the culmination of a lifetime of industry operations and investment, dating from [our] father’s (Jerry Eerkes) founding of the business in 1956,” Craig and Chris Eerkes said. “We are pleased that the PacWest team has retained almost all of our field and office staff where many new opportunities abound with a company of PacWest’s size and scope.”
Jackson Energy, PacWest Energy and Jacksons Food Stores Inc. own, operate and supply stores across nine western states. The companies are vertically integrated, supplying fuel to locations in nine states through Jackson Energy to customers and Jacksons Food Store locations.
Corner Capital provided valuation, strategic advisory and mergers and acquisitions services to the Eerkes family throughout the sales.