Press Releases
Petroleum Capital and Real Estate LLC acts as exclusive financial advisor to PMG New Jersey, LLC an affiliated company of Petroleum Marketing Group, Inc.
December 19, 2011 – Washington DC: Petroleum Capital and Real Estate, LLC, acting as the exclusive financial advisor to PMG New Jersey, LLC announced today that its client successfully closed on the acquisition of forty-six (46) Shell stations owned by Shell subsidiary, Motiva Enterprises, LLC. All the sites are located in northern New Jersey and the purchaser, PMG New Jersey, LLC, is a newly formed entity created by Petroleum Marketing Group, Inc. Petroleum Marketing Group, Inc. is a large and well established Shell, Exxon, Mobil, Sunoco, Gulf and Citgo branded jobbership and a leading regional distributor of petroleum products and services in the mid-Atlantic and northeast regions of the United States.
“We are excited that we could help facilitate this transaction in what is still a rather challenging lending environment,” said John Sartory, Managing Director and principal of Petroleum Capital and Real Estate LLC. “This was a rare opportunity for our client to acquire a large number of premium real estate sites in New Jersey, an attractive trade area with high barriers to entry. In addition, our firm was able to structure the transaction in a manner that allowed our client to secure all of the senior secured credit facilities required to close on the transaction from a single regional lender. As a result, PMG New Jersey was able to avoid the costly and time consuming loan syndication process.” This is the second major acquisition in which Petroleum Capital and Real Estate, LLC has acted as the exclusive financial advisor to the Petroleum Marketing Group, Inc.
Petroleum Capital and Real Estate, LLC –www.PetroCapRE.com– and its principals, John C. Flippen, Jr. and John Sartory, provide consulting, M&A, and financial advisory services for clients exclusively in the retail petroleum industry. The company also represents private equity groups that are willing to make opportunistic investments in the industry.
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John C. Flippen, Jr., principal and Managing Director of Petroleum Capital and Real Estate LLC, acts as the exclusive advisor in the acquisition of 89 ExxonMobil locations in Chicago, Illinois.
December 13, 2010 – Washington DC: As the exclusive advisor to Mr. Steve Buchanan, owner of Buck’s Inc. and its affiliated companies, Petroleum Capital and Real Estate, LLC, helped facilitate the purchase of 89 ExxonMobil locations in the Chicago metropolitan area. John C. Flippen, Jr., Managing Director of Petroleum Capital and Real Estate, LLC reported that the 89 locations were financed through Petroleum Capital and Real Estate LLC’s –www.PetroCapRE.com– exclusive arrangement with a large private equity real estate investment trust that provided a combination of bridge, mezzanine and equity funds.
“Petroleum Capital and Real Estate, LLC is excited that our firm could help facilitate this transaction,” John C. Flippen, Jr. said in a statement. Buck’s, Inc. is a large and well established BP and ConocoPhillips branded jobbership and a leading regional distributor of petroleum products and services in the Midwest region of the United States. “This was a rare opportunity for Buck’s, Inc. to acquire a large number of premium real estate sites in the Chicago metropolitan area, a trade area that has very high barriers to entry and was a natural fit with our client’s existing retail network. Our company differentiates itself by providing clients access to not only senior lenders but also mezzanine and private equity investors. We focus solely on completing transactions within the convenience store and gas station (C & G) industry."
John Sartory, Managing Director and principal of Petroleum Capital and Real Estate LLC, said, “This was a rare opportunity to acquire a large number of premium real estate sites in the Chicago metropolitan area. The strong real estate attributes, combined with the opportunity to partner with an established and professional petroleum marketing organization such as Buck’s, Inc., immediately attracted our private REIT client to this investment.”
In the last two years, Petroleum Capital and Real Estate, LLC –www.PetroCapRE.com– and its principals, John C. Flippen, Jr. and John Sartory, have helped its clients close on over $600 million in retail acquisitions and re-financing packages through senior, sale lease back, mezzanine and equity financing. Petroleum Capital and Real Estate, LLC provides consulting M&A and financial advisory services for small to middle market clients exclusively in the retail petroleum industry.
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John C. Flippen, Jr., principal and Managing Director of Petroleum Capital and Real Estate LLC, acts as the exclusive advisor in the acquisition of 72 ExxonMobil locations in Manhattan, Bronx, and Queens New York.
November 22, 2010 – Washington DC: As the exclusive advisor to Joe Mamo, principal owner of Capitol Petroleum Group, LLC and its affiliated companies, Petroleum Capital and Real Estate, LLC ., helped facilitate the purchase of 72 ExxonMobil locations in the New York City metropolitan area. John C. Flippen, Jr., Managing Director of Petroleum Capital and Real Estate, LLC reported that the 72 locations were financed through Petroleum Capital and Real Estate LLC’s –www.PetroCapRE.com– exclusive arrangement with a large private equity real estate investment trust that provided a combination of bridge, mezzanine and equity funds.
“We are excited that we could help facilitate this transaction.” John C. Flippen, Jr., said in a statement. “This is the sixth acquisition that we have helped Joe Mamo facilitate and during that time Mr. Mamo has purchased over 200 locations from Exxon and Shell. Our company differentiates itself by providing clients access to not only senior lenders but also mezzanine and private equity investors. We focus solely on completing transactions within the convenience store and gas station (C & G) industry. Our firm’s ability to close these transactions during arguably one of the toughest economic environments on record demonstrates the need for buyers and sellers to hire specialists when contemplating C & G transactions.”
John Sartory, Managing Director and principal of Petroleum Capital and Real Estate LLC, said, “This was a rare opportunity to acquire a large number of premium real estate sites in the New York city metropolitan area. The strong real estate attributes, combined with the opportunity to partner with an established and professional petroleum marketing organization, immediately attracted our private REIT client to this investment.”
In the last twelve months, Petroleum Capital and Real Estate, LLC –www.PetroCapRE.com– and its principals, John C. Flippen, Jr. and John Sartory, have helped its clients close on over $500 million in retail acquisitions and re-financing packages through senior, sale lease back, mezzanine and equity financing. Petroleum Capital and Real Estate, LLC provides consulting M&A and financial advisory services for small to middle market clients exclusively in the retail petroleum industry.
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John C. Flippen, Jr., principal and Managing Director of Petroleum Capital and Real Estate LLC, acts as the exclusive advisor in the acquisition of 29 ExxonMobil locations in Northern Virginia.
February 12, 2010 – Washington DC: As the exclusive advisor to Joe Mamo, principal owner of Capital Petroleum Group LLC and its affiliated companies, John C. Flippen, Jr., helped facilitate the purchase of 29 ExxonMobil locations in Northern Virginia. The 29 locations were financed through Petroleum Capital and Real Estate LLC’s –www.PetroCapRE.com– exclusive arrangement with a large private equity real estate investment trust that provided a combination of bridge, mezzanine and equity funds.
“We are excited that we could help facilitate this transaction.” John C. Flippen, Jr., said in a statement. “This is the fifth acquisition that we have helped Joe Mamo facilitate and during that time Mr. Mamo has purchased a combined total of 140 locations from Exxon and Shell. Our company differentiates itself by providing clients access to not only senior lenders but also mezzanine and private equity investors. We focus solely on completing transactions within the convenience store and gas station (C & G) industry. Our ability to close these transactions during arguably one of the toughest economic environments on record demonstrates the need for buyers and sellers to hire specialists when contemplating C & G transactions”
“John Sartory, Managing Director and principal of Petroleum Capital and Real Estate LLC, said, “This was a rare opportunity to acquire a large number of premium real estate sites in downtown Washington, D.C. and northern Virginia. The strong real estate attributes, combined with the opportunity to partner with an established and professional petroleum marketing organization, immediately attracted our private REIT client to this investment.”
In the last twelve months, Petroleum Capital and Real Estate, LLC –www.PetroCapRE.com– and its principals John C. Flippen, Jr. and John Sartory have helped its clients close on over $300 million in retail acquisitions and re-financings though senior, sale lease back, mezzanine and equity financing. Petroleum Capital and Real Estate, LLC provides consulting, M&A and financial advisory services for small to middle market clients exclusively in the retail petroleum industry.
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John Sartory, principal and Managing Director of Petroleum Capital and Real Estate LLC, acts as the exclusive advisor to PMG Northern Virginia, LLC an affiliated company of Petroleum Marketing Group, Inc.
October 29, 2009 – Washington D.C.: Petroleum Capital and Real Estate, LLC, acting as the exclusive financial advisor to PMG Northern Virginia, LLC, announced today that its client successfully closed on the acquisition of 52 Shell stations owned by Shell subsidiary, Motiva Enterprises, LLC. All the sites are located in northern Virginia and the purchaser, PMG Northern Virginia, LLC, is a newly formed entity created by Petroleum Marketing Group, Inc. Petroleum Marketing Group, Inc. is a large and well established Shell, ChevronTexaco and Citgo branded jobbership and a leading regional distributor of petroleum products and services in the Mid-Atlantic region of the United States.
“We are excited that we could help facilitate this transaction in a very challenging lending environment,” said John Sartory, Managing Director and principal of Petroleum Capital and Real Estate LLC. “This was a rare opportunity for our client to acquire a large number of premium real estate sites in northern Virginia, a trade area that is still growing and has very high barriers to entry. In addition, our firm secured all of the senior secured credit facilities required to close on the transaction from a single regional lender and as a result, PMG Northern Virginia, LLC was able to avoid the costly and time consuming loan syndication process.”
In 2009, with the closing of this transaction, Petroleum Capital and Real Estate, LLC –www.PetroCapRE.com- has helped its clients close on over $250 million in retail acquisitions. Petroleum Capital and Real Estate, LLC provides consulting, M&A and financial advisory services for small to middle market clients exclusively in the retail petroleum industry. The company also represents private equity groups that are willing to make opportunistic investments in the industry.
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Petroleum Capital and Real Estate LLC acts as exclusive advisor for U.S. based private real estate investment trust that invested over $80 million in retail petroleum industry.
October 1, 2009 – Washington DC: As the exclusive advisor to a large private equity real estate investment trust, Petroleum Capital and Real Estate LLC provided industry related expertise in facilitating the acquisition of 57 locations from ExxonMobil. The sites were located in Washington D.C. and Northern Virginia and were purchased by Anacostia Petroleum Holding, LLC, and Mount Vernon Petroleum Realty, LLC, two affiliated companies of Dag Petroleum, a large Shell and Exxon jobbership owned and operated by Mr. Joe Mamo, in June and August of 2009.
“We are excited that we could help facilitate this transaction,” said John Sartory Managing Director and principal of Petroleum Capital and Real Estate LLC. “This was a rare opportunity for Dag Petroleum to acquire a large number of premium real estate sites in downtown Washington, D.C. and the adjoining communities of northern Virginia that have very high barriers to entry. The strong real estate attributes, combined with the opportunity to partner with an established and professional organization, immediately attracted our client to this investment. Our client provided a creative mix of bridge, mezzanine and private equity financing that was instrumental in successfully completing these transactions with ExxonMobil.”
John Sartory reports that Petroleum Capital and Real Estate LLC is currently assisting its client in evaluating additional investment opportunities in the retail petroleum industry.” Petroleum Capital and Real Estate LLC – www.PetroCapRE.com - provides consulting, M&A and financing advisory services to small to middle market clients in the retail petroleum industry.
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CrowderCorp aids in the Acquisition of 36 locations from Exxon
September 26, 2009 - Washington, DC: As the exclusive advisor to White Oak Petroleum, LLC and its affiliates, CrowderCorp provided expertise in facilitating the acquisition of 36 fee simple locations from Exxon. The 36 locations were financed through a sale lease back (SLB) transaction.
“We are excited that we could help facilitate this transaction.” John C. Flippen, Jr., president of CrowderCorp, said in a statement. “This is the fourth acquisition that we have helped Joe Mamo facilitate this year and during that time Mr. Mamo has purchased a combined total of 111 locations from Exxon and Shell. Our company differentiates itself by providing clients access to not only senior lenders but also mezzanine and private equity investors. We focus solely on completing transactions within the convenience store and gas station (C & G) industry and our ability to close these transactions during arguably one of the toughest economic environments on record demonstrates the need for buyers and sellers to hire specialists when contemplating C & G transactions.”
With this successful transaction, CrowderCorp - www.CrowderCorp.com - has helped close over $180 million in acquisitions so far this year. John C. Flippen, Jr. is also a principal within Petroleum Capital and Real Estate, LLC - www.PetroCapRE.com.
Crowder Corp provides advisory services for small- to middle-market clients within the convenience store and gas station markets on transactions ranging from single-site sales to $300 million in value.
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