Majors Management Buys Peak Energy
Haywood Oil Co. is a fuel marketer and c-store brand that started as a home heating oil delivery company 60 years ago.
Dec 21, 2021
ALEXANDRIA, Va.—Majors Management LLC has acquired Haywood Oil Company Inc. dba Peak Energy, which operates seven convenience stores and serves more than 100 wholesale dealer accounts throughout Western North Carolina, as well as parts of South Carolina, Georgia and Tennessee.
The deal is Majors' second announced acquisition in 2021. The Lawrenceville, Georgia-based company last week said it has acquired family-owned Tri-State Petroleum Corporation, based in Wheeling, West Virginia.
“It was a difficult decision to sell the business,” said Todd Blevins, president of Haywood Oil Company, based in Waynesville, North Carolina. “I am very thankful for the talented people that helped us build the company over the years.”
Incorporated in 1952, Haywood Oil Company grew from a local home heating oil delivery company into a petroleum marketer, fuels distributor and foodservice business. In 1973, David Blevins left Exxon to become president of Haywood Oil Company. The company grew through multiple acquisitions that brought additional convenience stores, bulk plants and fuel brands to the business.
Todd Blevins became president of Haywood Oil Company, Inc. in 1999 and continued the company’s legacy of growth by making seven acquisitions over the next 10 years and added a complementary branded foods division. The company grew its wholesale fuels business by providing its network of 100+ dealers with site and building design, financing, fleet fueling and branded fuel options. The company’s fuel brand offerings consist of BP, Exxon, Mobil, Citgo and Sunoco, as well as independent brands.
"Todd Blevins and all members of his team have built a great organization. We hope to build upon their success and grow our footprint in Western North Carolina and Tennessee,” said Ben Smith, president of Majors Management, said.
