Total Energy LLC, sister company to Domestic Fuels & Lubes Inc and part of the Santoro Family of Companies, has acquired the assets of Ocean State Oil, a leading lubricant marketer in the Southern New England area.
Ocean State Oil operates a state of the art facility in Quonset Point, RI. Their facility houses 50,000 square feet of space dedicated to lubricants, over one half million gallons of indoor bulk storage, and rail siding. They operate a fleet of 18 trucks, which includes the first Lube Master vehicles in New England.
“The Santoro Family is excited about the opportunities crated by the acquisition of Ocean State Oil and how the combination compliments its other operations in New England, Santoro Oil, in RI and ckSmith/Superior Oil in MA,“ says John Santoro, Vice President of Total Energy LLC.
Total Energy’s acquisition of Ocean State Oil will strengthen the partnership between Chevron Lubricants and the Santoro Family of Companies.
The Santoro’s purchase of the Ocean State Oil, “provides an instant platform fully staffed with a winning team,” says John Santoro. Further he adds, “No changes in personnel or management are planned.”
The former owner of Ocean State Oil, Dan Bell, will remain with the company and continue to have a vested interest in venture. To this point, John Santoro Says, “We are pleased to announce, it’s business as usual!”