Public Press Release
SOUTHLAKE, Texas – July 14, 2003 – The private equity firm Insight Equity announced today that it had acquired all of the assets of Direct Fuels, a company with over $220 million in revenues focused on motor fuel distribution as well as refining and blending operations in the greater Texas area.
Direct Fuels is one of Texas’ largest regional fuel distributors, currently supplying the majority of the Dallas-Ft. Worth metroplex area’s supply of conventional, non-reformulated, gasoline. The firm also ships a significant percentage of the area’s diesel requirements. Direct Fuels is also the only terminal in the Dallas area that has access to major pipelines, a rail terminal to enable significant ethanol blending capability, as well an onsite fuel processing capability recognized as one of the most efficient in the southwest, with plant operating efficiencies substantially above industry norms.
Direct Fuels supplies over 10 million gallons per month of unbranded fuel supplies at its terminal locations and additionally, supplies over 5 million gallons per month on a branded and unbranded wholesale business. Citgo, Diamond Shamrock, Conoco, and Fina are among the premier brands which Direct Fuels serves on a daily basis.