Mansfield Energy Acquires Fuel Distribution Assets of Lube-Tech
Wednesday, July 15, 2020
Mansfield Energy Corp has announced the acquisition of the fuel transportation assets of Lubrication Technologies (Lube-Tech), including its tankwagon and transport fleet operations and bulk storage facilities.
“We are excited to enhance the service we provide to fuel customers by bringing together fuel supply and delivery solutions,” said Blake Young, President of Mansfield Energy Corp. Mr. Young continued, “We look forward to continuing our partnership with Lube-Tech to create an impactful combination of data integration and supply chain management for fuels, lubricants, DEF, equipment, and related services throughout the Midwest. This acquisition furthers Mansfield’s broader strategy of expanding our fuel asset footprint across North America.”
Since 2014, Mansfield and Lube-Tech have partnered in Minnesota, Wisconsin, and Iowa markets to provide fuel, lubricants and more to their shared customers while refining business processes to present innovative fuel solutions to customers. The purchase of Lube-Tech’s fuel assets enables fuel customers to receive enhanced delivery logistics and reporting through Mansfield’s online fuel portal, FuelNet, while still benefitting from Lube-Tech’s industry-leading fluids, lubricants, and vehicles washing solutions.
“This agreement allows us to better serve our combined customers in the Midwest while enabling Mansfield to bring the full force of it’s industry-leading supply footprint. We expect a seamless transition for fuel customers, and we will continue working closely with Lube-Tech to provide our shared customers with service beyond their expectations while collaborating to grow our businesses together,” said Michael Mansfield, Sr., CEO of Mansfield Energy Corp.
“We are grateful that our customers have trusted us with their fuel deliveries over the past several years,” said Chris Bame, CEO of Lube-Tech. “The dedication and service our Lube-Tech teammates have provided to our customers has been invaluable and we thank them for living our purpose to make tomorrow a little bit better than today. We believe that one Mansfield team from order to delivery will result in the best, go-forward fuel solution for our customers.”