News & Views
The Arnold Companies makes major West Coast acquisition
The Arnold Companies makes major West Coast acquisition, expanding the TACenergy supply network and increasing operational efficiencies
Expanding west coast presence and broadening product opportunities extends TACenergy opportunities for growth
Dallas, Texas (November 1, 2019) – TACenergy, a division of The Arnold Companies (TAC), acquires the U.S. wholesale petroleum distribution business of IPC (USA), Inc. (“IPC”) effective November 1, 2019. Terms of the sale between the companies are not being disclosed.
Increasing its west coast presence with a majority of the IPC sales team, TACenergy will maintain offices in Santa Ana, CA, Sacramento, CA and Seattle, WA. The shared expertise and TACenergy resources will allow local sales to continue providing the service expected by existing IPC customers. Along with the competitive fuel prices and reliable supply the TACenergy network offers expanded opportunities to all customers.
“We are very excited to bring on an experienced west coast sales force. 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,” said TAC Chairman and CEO, Greg Arnold.
Fred Sloan, Chief Operating Officer of TACenergy stated, “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.” Sloan also added, “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.”
Image: TACenergy leadership gather to welcome new West Coast associates.Left to Right: Mitch Lewis, General Manager of Sales, SouthwestFred Sloan, Chief Operating OfficerRandy Jones, Vice President of Sales and Operations
Maintaining the west coast offices to strengthen presence in the area for TACenergy, customers will continue working with the people they know. Ted Tanaka, CEO of IPC shared with his team and customers, “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.”
Many of the key operational and sales management team members will be joining TACenergy, including Randy Jones, who joins TACenergy as Vice President of Sales and Operations, covering the combined national footprint of the organization. Mitch Lewis, General Manager of Sales, leading Southern California sales. Jim Harper, General Manager of Sales, managing Northern California and Pacific Northwest sales. All three positions report to Chief Operating Officer, Fred Sloan. Together, the combined team of industry leaders, from back office to frontline sales will position TACenergy to be one of the largest national wholesale fuel suppliers in the country, with annual sales exceeding 2.7 billion gallons and well over $5 billion in revenue.
TACenergy is a Dallas, Texas based independent national wholesale distributor of refined petroleum products. Customers include branded and unbranded gasoline, as well as diesel retailers, industrial users, transportation, trucking, government, utilities, mining, construction, plus any other commercial user or reseller of fuel. TACenergy delivers added value to its customers through customized fuel management programs, a 24/7 Supply & Logistics call center and comprehensive carrier agreements. TACenergy has an annualized fuel volume exceeding 2.7 billion gallons, and a vast terminal supply network with fourteen regional sales offices spanning North America. TACenergy is a division of TAC – The Arnold Companies, a Texas-based aviation and energy marketing company.
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KRLD CEO Spotlight on TACenergy
TACenergy Trader Mark Anderle Quoted by CNBC
US crude dips 5 cents, settling at $74.29, as Chinese stimulus measures shrink early losses
Published 9:14 PM ET Sun, 7 Oct 2018 | Updated 2:35 PM ET Mon, 8 Oct 2018 | ReutersPhoto: Andrew Burton | Getty Images
Oil prices fell on Monday but pared losses along with the U.S. stock market as investors bet that China's economic stimulus steps on Sunday would be sufficient to boost the world's No. 2 economy and bolster its crude demand.
Global benchmark Brent crude slid below $83 per barrel early in the session, partly on concerns the U.S.-China trade war could weaken crude demand in China.
But prices bounced off session lows as investors bet that Sunday's move by China's central bank to slash lenders' reserve requirements would spur economic growth, analysts said.
"Every time China cuts interest rates, they increase oil consumption," said Phil Flynn, an analyst at Price Futures Group in Chicago. "Cooler heads are prevailing."
Oil prices also pared losses after Irving Oil confirmed a "major incident" at Canada's largest refinery in Saint John, New Brunswick following reports of an explosion.
Brent crude hit a session low of $82.66 and then bounced back to trade 43 cents lower at $83.73 per barrel at 2:25 ET. Brent hit a four-year high of $86.74 last week.
U.S. crude ended Monday's session down 5 cents at $74.29, off its session low of $73.07.
Oil traders initially reacted to a selloff in Chinese stocks, but as the U.S. stock market opened higher, "we've pulled back dramatically," said Mark Anderle, an energy trader at TAC Energy.
Also pressuring oil below $83 a barrel in early trade were reports that some Iranian oil exports will keep flowing after the U.S. re-imposes sanctions. Two companies in India have ordered Iranian barrels in November, India's oil minister said on Monday.
TACenergy Acquires New Mexico Based Wholesale Fuel Distributor, Desert Fuels
Texas-based fuel marketer expands sales presence with new Albuquerque, New Mexico office
Dallas, Texas (September 4, 2018) – TACenergy, a division of The Arnold Companies (TAC), has acquired petroleum commodity supply & logistics company Desert Fuels, effective August 27, 2018. Terms of the sale between the privately held companies are not being disclosed.
TACenergy will maintain all key sales and customer service associates along with establishing a new sales office in Albuquerque located at 901 Rio Grande Boulevard, NW.
The shared expertise and resources of TACenergy will help the local team continue to provide the service expected, along with the competitive fuel prices and reliable supply the TACenergy network provides.
TAC Chairman and CEO, Greg Arnold, expressed his enthusiasm for the acquisition by saying, “We are so pleased to welcome J.J. and the Desert Fuels team into the TAC family and look forward to servicing each new customer with the level of expertise they are accustomed to.”
The office and staff will be located in Albuquerque’s Old Town district providing employees the opportunity to stay local and close to existing customers. J.J. Mancini, President of Desert Fuels, Inc., shared with his customers, “This acquisition sets up an unbeatable combination of the TACenergy supply, financial, IT, trading, and geographic scale along with Desert Fuels’ technology expertise to better serve each customer while holding true to the Desert Fuels mission: to revolutionize the wholesale fuel industry.” Mancini will stay directly involved in the business, consulting with TACenergy from the New Mexico office.
Desert Fuels’ owners, Jason Mancini, Jay Kennedy, and J.J. Mancini are excited about the acquisition and believe there is no better company than TACenergy to continue to champion the Desert Fuels values of service and innovation.
This acquisition will help TACenergy strengthen its footprint in the southwest with the majority coming from local and regional business throughout New Mexico, Arizona, Colorado, and Oklahoma. Fred Sloan, Vice President and Chief Operating Officer of TACenergy stated, “The Desert Fuels’ customers, along with our existing customers, will benefit from the additional supply resources.” Sloan also added, “Enhancing our existing technology offerings with Desert Fuels' refreshing approach to incorporating technology in the buying and delivery of wholesale fuel will be easily accomplished.”
TACenergy is a Dallas, Texas-based independent national wholesale distributor of refined petroleum products. Customers include unbranded gasoline and diesel retailers, industrial users, transportation, trucking, government, utilities, mining, construction, plus any other commercial user or reseller of fuel.
TACenergy delivers added value to its customers through customized fuel management programs, its 24/7 Supply & Logistics call center and comprehensive carrier agreements. TACenergy has an annualized fuel volume of well over 1.7 billion gallons, and a vast terminal supply network with regional sales offices that span North America. Learn more at www.tacenergy.com.
TAC Energy Online Ordering Portal Offers Customers Customization and Real Time Data
DALLAS, Texas (May 5, 2017) – TAC Energy announced today updates to the company’s robust and comprehensive online ordering portal that allows clients to customize all aspects of the ordering process. The portal provides customers the ability to apply for credit, place and track orders, lock-in spot fuel prices and receive quotes – all through online access or via their mobile device.
“This portal is a state-of-the-art automated delivery system that is rare in our industry,” said Fred Sloan, Vice President and Chief Operating Officer of TAC Energy. “It gives our customers the advantage and convenience of customizing every aspect of their order which, when placed, immediately initiates a direct follow up and provides access to our team’s around-the-clock customer service.”
The online credit application is brief and provides ease of use to new or returning customers, with notification of final approval in 48 hours or less.
Fuel orders may be placed online, or over a smartphone or tablet, with specific fields for requested delivery date, actual delivery date, fuel cost and the ability to track current or previous orders. TAC Energy’s immediate order confirmation concludes the brief process for customers. Customers also have the option to grant access to managers at their various locations, allowing for different levels of access and permissions for fuel purchasing.
TAC Energy has, for some time, offered the advantage of real time data for its spot fuel purchases online. Fixing spot volumes at market prices is another key feature offered through the online ordering portal and includes the option to customize volume and delivery windows. Immediate order confirmation follows every transaction.
“As one of the largest independent fuel marketers in the nation, it is important that we remain on the cutting edge of technology to best serve our customers’ ever-changing needs,” said Sloan. “TAC Energy has always been known as a customer service-focused organization. When we acquired Mutual Oil Company in the Boston area last spring, we vowed to offer not only a nationwide network of terminals, but also the most complete service package in the industry and this new technological solution is a part of fulfilling that promise.”
The portal allows for product quotes in real-time, in that customers may see pricing for any product for which they are configured, at any time. Access to current and past invoices, as well as the ability to import information into a client’s back office system, provides additional efficiency for both the customer and TAC Energy.
About TAC Energy
TAC Energy is a Dallas, Texas based independent national wholesale distributor of refined petroleum products. Customers include unbranded gasoline and diesel retailers, industrial users, transportation, trucking, government, utilities, mining, construction, plus any other commercial user or reseller of fuel. TAC Energy has an annualized fuel volume of well over 1.5 billion gallons, and a vast terminal supply network with regional sales offices that span North America. Learn more at www.tacenergy.com.
RubiconPro Adds Fuelman, TAC Energy Discounts for Independent Hauling and Trucking Fleets
Atlanta, GA (July 11, 2017) – Today Rubicon Global announced partnerships with Fuelman and TAC Energy to provide substantive fuel discounts for independent haulers and truckers across North America. The Fuelman and TAC Energy discounts are new additions to the rapidly expanding RubiconPro buying program and are available immediately. RubiconPro delivers fuel, equipment, and financial benefits to independent waste haulers and truckers that previously were only available to the industry’s largest regional and national haulers and truck fleets.
“The value-added benefits from exceptional partners like Fuelman and TAC Energy further enhance RubiconPro’s offering to the independent hauling community,” said Kerry Grubb, director, RubiconPro. “RubiconPro is designed to help haulers and truckers operate more efficiently and profitably.”
With the Fuelman partnership, the RubiconPro Fuel program provides haulers and trucks with a wide range of products that provide deep discounts on their transactions at over 50,000 Fuelman network locations.
Under the TAC Energy partnership, hauling and trucking companies that have their own fuel tanks on site can use the RubiconPro Fuel program to strategically purchase their bulk fuel; either in a daily spot market or with the option to lock in the price of their fuel needs for up to a year in advance. Haulers will also receive a free Fuel Audit conducted by TAC Energy to determine how competitively they purchase against a third-party, industry standard index like OPIS, (Oil Price Information Service).
“Independent haulers and truckers are an important part of the fabric of American infrastructure and Fuelman is pleased to work with Rubicon Global to provide meaningful savings and efficiency through our Fuelman network” said Mike Ross, Senior Vice President, North America Fuel Card, Fleetcor.
“Our partnership with Rubicon Global provides an important connection to local haulers, providing them with an opportunity to purchase bulk fuel at the most competitive rates in the industry,” said Fred Sloan, Vice President and Chief Operating Officer, TAC Energy.
Rubicon announced the RubiconPro buying program at WasteExpo in May, with programs initially providing equipment, financing and now fuel discounts and benefits for independent haulers and trucking companies across North America. Companies interested in RubiconPro can request more information online at www.rubiconglobal.com/pro. RubiconPro participants receive special discounts on goods and services central to a hauler’s operation such as equipment, fuel, maintenance and tires.
Rubicon’s technology-driven waste and recycling model empowers its network of more independent haulers to compete for customers of all sizes, operate more efficiently, and grow their businesses.
Rubicon is based in Atlanta, Ga. and has offices in Lexington, Ky., New York City and San Francisco, Calif.
FLEETCOR is a leading global provider of fuel cards and workforce payment products to businesses. FLEETCOR’s payment programs enable businesses to better control employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales and customer loyalty. FLEETCOR serves commercial accounts in North America, Latin America, Europe, and Australia/New Zealand.
About TAC Energy
TAC Energy is a Dallas, TX-based independent national wholesale fuels distributor of refined petroleum products. Customers include unbranded gasoline and diesel retailers, industrial users, transportation, trucking, government, utilities, mining, construction, plus any other commercial user or reseller of fuel. TAC Energy has an annualized fuel volume of well over 1.5 billion gallons, and a vast terminal supply network with regional sales offices that span the continent. Learn more at www.tacenergy.com.
About Rubicon Global
Rubicon Global is the worldwide leader in sustainable, cloud-based waste and recycling solutions. Using its proprietary technology-enabled platform, the company provides comprehensive waste stream solutions that enable companies to reduce operating expenses and implement recycling programs. Rubicon’s goal is to create a more sustainable solution for businesses and the planet. Learn more at www.rubiconglobal.com. See the original release on the Rubicon Global website.