PetroCard Systems Acquires Thunderbird Lubrications
Complementary products and services to benefit
company, customers
PetroCard Systems, one of the largest privately
held companies in Washington state, today announced
the acquisition of Spokane, Washington-based
Thunderbird Lubrications, a division of Gull
Industries, Inc.
PetroCard Systems sells fuel to businesses with
commercial vehicle fleets primarily via two methods:
"cardlocks," (unattended, self-serve fueling
stations) and "Mobile Fueling" services, in which
commercial vehicles parked at depots are fueled
overnight. The company also drives revenue through
bulk fueling services. PetroCard is one of the
largest cardlock operators in the Pacific Northwest
and one of the largest mobile fueling companies in
the Puget Sound and Spokane areas.
Thunderbird Lubrications is a petroleum
distributor with two major lines of business: sales
and transportation of fuel and the distribution of
lubricants and other automotive chemicals. Its lubes
business supplies bulk motor oil to the installer
market and packaged consumer motor oils and other
automotive chemicals to retailers. Thunderbird is
one of the largest distributors of Pennzoil & Quaker
State auto lubricants in the U.S. It is the largest
Gumout and one of the largest RainX distributors in
the U.S.
Its fuels business sells to independent gas
stations, commercial customers and other
distributors. The company also hauls fuels on behalf
of others. PetroCard is one of Thunderbird's largest
customers.
"There is tremendous synergy between our
businesses," said Tom Farr, PetroCard Systems'
President and CEO. "The combination will allow us to
increase operational efficiencies, benefit our
customers and improve our fuel margins. It's a
win-win situation." Thunderbird will retain its
name, brand identity and employees, although it will
operate as a division of PetroCard Systems, Inc. Tom
Farr will manage the new entity. Larry Hitchcock,
Thunderbird General Manager, will stay on as a
consultant to PetroCard Systems and remain on
PetroCard's Board of Directors.