TACenergy Acquires Petroleum Distribution Business of IPC

From left to right: Mitch Lewis, Fred Sloan and Randy Jones of TACenergy.

TACenergy of Dallas, a division of The Arnold Companies, has acquired the U.S. wholesale petroleum distribution business of IPC of Santa Ana, California.

Terms of the sale were not disclosed. TAC operates a Little Rock TAC Air terminal.

Increasing its West Coast presence with a majority of the IPC sales team, TACenergy will maintain offices in Santa Ana; Sacramento, California; and Seattle. 

“The combined team will have a stronger supply footprint, a more efficient administrative machine and the same strong level of service the customer base has experienced,” TAC Chairman and CEO Greg Arnold said in a news release.

Fred Sloan, TACenergy COO, said, “We are already working to harness the expertise of both groups to deliver innovation across the wholesale fuel sales network, leveraging national supply resources and managing administrative and logistics capabilities.

“The acquisition builds upon the existing relationships of unbranded and branded fuel products which include Sinclair gasoline and Neste MY renewable diesel, allowing TACenergy to expand into the renewable diesel category and provide new alternatives for existing customers.”

Ted Tanaka, CEO of IPC, said joining the IPC business into the TACenergy network “builds an unbeatable combination of services and products to help our customers deliver the same. From the supply network, trading capabilities and office services that provide unprecedented accuracy, the combined expertise will lead the wholesale fuel industry.”