Atlas Oil to Sell BP Branded Assets in Chicago and NW Indiana

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Apr 17, 2014, 10:05 ET

TAYLOR, Mich., April 17, 2014 /PRNewswire/ -- Atlas Oil Company today announced Atlas Oil's planned sale of its BP branded assets in Chicago and NW Indiana to Parent Petroleum Inc. and Lehigh Gas Partners LP. Atlas Oil supplies BP branded gasoline stations in Chicago and NW Indiana with BP branded gasoline and other fuel products. The transaction is expected to close during the second quarter 2014.

"Atlas and BP have had a strong relationship and have been brand partners for a number of years," said Michael Evans, President and COO, Atlas Oil Company. "After careful analysis, we determined this to be the right decision. Atlas Oil remains committed to the growth of its fuel distribution and supply management businesses."

About Atlas Oil Company

Headquartered in Taylor, Mich., Atlas Oil is a premier national fuel supply, logistics and services company delivering comprehensive solutions to customers throughout the distribution lifecycle, from crude oil E & P companies to refineries to retail gas stations and commercial end users nationwide, 24/7/365.

With operational excellence and industry leading safety standards, Atlas is engaged in all areas of transportation, logistics and fueling, including bulk, fleet, event, onsite, emergency services and transloading. The company is highly active in real estate, including the purchase and sale of locations, ownership and operations, branding and marketing, consulting, turnaround and third party management.

The company leverages a team of nearly 500 professionals, a fleet of state-of-the-industry equipment and a national network of premium third-party relationships, guaranteeing a seamless, consistent and industry-leading experience at every touch point. For more information, visit www.atlasoil.com.

SOURCE Atlas Oil Company