KRG Capital Partners (KRG), a Denver -based private
equity firm, announced today that it has completed
an investment in Tri-County Petroleum Inc (TCP).
Tri-County, headquartered in Riddlesburg,
Pennsylvania, is a leading specialty distributor of
industrial and commercial lubricants. TCP is the
ninth platform company for KRG's $715 million fund
III.
Stew Fisher, Managing Director of KRG Capital added,
"We believe Tri-County's strength results from the
strong commitment of its people. Under the
leadership of Robert Black and Gregory Black, the
Company has complied sales, operations, delivery and
back office personnel committed to providing its
customers best-in-class service every day."
"We are very excited to be partnering with the
management team at Tri-County to support the growth
of this great company" noted Ted Nark, Managing
Director , of KRG Capital. "We are very impressed
with Tri-County's focus on customer service and the
longstanding partnership the Company has established
with its major suppliers."
KRG's investment in Tri-County will support the
continued organic and acquisitive growth of the
Company. Through investments in Tri-County's
existing operation and selective acquisitions, KRG
and Tri-County expect to continue increasing the
Company's value proposition to its customers,
suppliers, and personnel. Tri-County's existing
owners will continue to be shareholders of the
Company.
Tri-County Petroleum serves a diverse set of over
2,500 customers in the Mid-Atlantic region. It's
product line includes ExxonMobil, Castrol, Texaco,
ConocoPhillips, Jax and PowerService.
KRG Capital Partners Founded in 1996, KRG is a
Denver-based private equity firm with nearly $4
billion of capital either deployed or available for
future investment, which includes approximately $600
million deployed since inception on behalf of equity
co-investors. KRG specializes in acquiring and
recapitalizing unique and profitable middle-market
companies. The firm seeks investment opportunities
for its partners where KRG can work in concert with
owners and operating managers who are committed to
expanding their companies and becoming industry
leaders. The result is a partnership that focuses on
creating a significantly larger enterprise through a
combination of internal growth and complementary
add-on acquisitions. For more information on KRG
Capital Partners, please visit www.krgcapital.com.
