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O’Rourke Petroleum acquires Penco Oil Company

Tuesday, Jan 15, 2013

O’Rourke Petroleum is pleased to announce the recent acquisition of Penco Oil Company, expanding the company’s reach and growth potential in East Texas and surrounding states.

“The similarities in our operating philosophies, our commitment to providing excellence in service to customers, our internal cultures, and our mix of products and services blend together exceptionally well. We look forward to welcoming the staff of Penco, and their loyal customer base, into our newly-expanded organization.”

Based in Tyler, Texas, Penco has been a family-owned and operated distributor of lubricant products and services since 1963. The company’s rich history dates back to 1933 when it opened as a Standard of Ohio oil and gas distributor. Penco is a Shell distributor that currently offers products from Pennzoil, Quaker State, Castrol, and Shell, as well as a variety of related lubricant services.

Mush Khan, President and COO of O’Rourke, and Joe Smith, CEO of Penco, along with their respective leadership teams, will work closely and diligently to ensure a smooth and seamless transition for both employees and customers.

“We are delighted with our decision to sell our family business to O’Rourke,” said Smith. “We have complete trust that our customers' satisfaction, and the needs of our employees, will continue to be a top priority going forward. In addition, I am confident the expanded line of products and services now available through O’Rourke will help our customers streamline processes and, ultimately, solve many of their business challenges and needs.”

“I don’t know that I could have hand-picked a better company to bring into the O’Rourke family,” said Khan. “The similarities in our operating philosophies, our commitment to providing excellence in service to customers, our internal cultures, and our mix of products and services blend together exceptionally well. We look forward to welcoming the staff of Penco, and their loyal customer base, into our newly-expanded organization.

Source: Business Wire

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