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Birmingham oil company acquires assets of two companies

Stephanie Rebman
Birmingham oil company acquires assets of two companies

One of Birmingham's largest privately held companies has acquired two companies, positioning it for further growth in the Southeast. Trussville-based McPherson Companies Inc. acquired certain assets of both Retif Oil & Fuel LLC and B&M Oil Co. The acquisition was made in one transaction, as earlier in the day, Retif acquired B&M. McPherson's purchase involved ExxonMobil (NYSE: XOM) lubricants business in Arkansas, New Orleans, Mississippi, Alabama and Florida, and it helps McPherson, which ranked 19th on the latest Birmingham 100 with $424 million in 2017 revenue, extend its distribution reach throughout the region. In addition to the lubricants business, McPherson also purchased certain commercial fuel business assets like facilities, trucks and more in Arkansas.