North Carolina-based Campbell Oil Company, which owns 60+ Minuteman Food Mart locations, has acquired the assets of the gasoline and fuel division of Smith Oil Company, a family-owned fuel provider based in Salemburg, North Carolina, according to a press release from Campbell Oil sent to NACS. Terms of the deal were not disclosed.
Campbell Oil Company said that the acquisition expands its fuel services further across Sampson County and surrounding areas.
“The acquisition strengthens Campbell Oil Company’s presence in southeastern North Carolina and allows the company to offer an expanded portfolio of fuel, propane and service solutions to residential, agricultural and commercial customers throughout the region. The transaction reflects Campbell Oil Company’s continued commitment to partnering with independent, family-owned fuel businesses seeking a thoughtful, values-aligned ownership transition,” Campbell Oil said.
Smith Oil owners Billy Smith and Helen Smith will “remain actively involved” during the transition.
“Smith Oil Company has built a reputation for reliability, craftsmanship and customer-first service,” said Tracy Hardin, vice president of short truck operations for Campbell Oil Company. “We are honored to continue that legacy while expanding service capabilities and long-term support for customers in Sampson County.”
Campbell Oil Company said it is actively pursuing strategic acquisitions with established fuel and energy providers seeking a trusted, family-owned partner for future growth and continuity.