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Wholesale fuel supplier Ozark Mountain Energy is now owned by Offen Petroleum.
SBJ file photo
Wholesale fuel supplier Ozark Mountain Energy is now owned by Offen Petroleum.

Mount Vernon fuel supplier purchased

Posted online

Mount Vernon-based wholesale fuel supplier Ozark Mountain Energy Inc. and its affiliate trucking company Petroleum Express Inc. have been acquired.

Denver, Colorado-based Offen Petroleum closed today on the purchase for undisclosed terms, according to a news release.

"I am confident that joining with Offen is a great fit to enhance our company’s growth," said Brent Wilmoth, CEO of Ozark Mountain Energy, in the release. "To further demonstrate my commitment to the future of our combined companies, I am purchasing a significant equity stake in Offen Petroleum."

Officials declined to provide the value of Wilmoth’s equity purchase.

As part of the deal, Wilmoth and his sons, Eric and Kyle Wilmoth, will lead Offen's Midwest and midcontinent operations. Eric is slated to serve as Offen Petroleum 's executive vice president of Ozark operations, with Kyle becoming a strategic account manager.

Ozark Mountain Energy is slated to continue operating out of Mount Vernon, according to the release.

Ozark Mountain Energy exceeded $1 billion in 2019 revenue, according to past Springfield Business Journal reporting. It sells approximately 700 million gallons of motor fuel and propane annually.

Offen Petroleum is a portfolio company of New York-based private equity firm Court Square Capital Partners. It is slated to distribute some 2 billion gallons of motor fuel annually with the addition of Ozark Mountain Energy, according to the release.

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