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The portfolio of c-stores, fuel distribution and more is expected to add significant synergies.

ORANGE, Calif. — H&S Energy Products LLC is expanding its presence on the West Coast and in the Pacific Northwest with the acquisition of Andretti Petroleum Group.

The deal includes Andretti’s convenience retail, fuels distribution, cardlock, fleet card, commercial fueling, car wash, lubricants and transportation businesses.

Financial terms of the acquisition were not disclosed. Matrix Capital Markets Group Inc. advised Andretti on the sale.

“We are honored to take on this great portfolio of retail sites, wholesale distributorship, cardlocks, lubricants, and transportation assets,” said Sal Hassan, H&S founder and CEO. “We believe the people on both ends of this transaction, when put together, will bring great synergies and help take H&S to the next level. Working through this transaction with the help and professionalism of everyone involved made the process smooth and simple. We thank the entire group for their efforts.”

Andretti Petroleum Group launched in 1997 when racing icons Mario and Michael Andretti teamed with their longtime advisor John Caponigro and Texaco executive M.J. Castelo to launch a startup Texaco wholesale business in northern California. The next year, they developed their flagship Texaco facility in downtown San Francisco, which featured an Andretti SpeedMart convenience store, an Andretti Winning Finish car wash, a Burger King and the first Starbucks integrated into a convenience store.

Over the next 25 years, the company expanded to become one of the largest convenience retail and fuels distribution businesses in the West through both organic growth and a series of acquisitions.

Prior to the deal with H&S Energy, Andretti Petroleum Group consisted of nearly 170 convenience retail and fuels distribution assets in California, Oregon and Washington.

“We are delighted to transact with H&S Energy as the new steward of our enterprise. Our companies share similar stories, starting with single sites, then growing into formidable players in our industry,” said Castelo, CEO and managing member of Andretti Petroleum Group. “This transaction will be a win for all stakeholders. We especially appreciate the great work of Matrix in assisting us with finding the perfect buyer and perfect transaction.”

Matrix’s merger and acquisition advisory services included valuation advisory, marketing the business through a confidential, structured sale process and negotiation of the sale.

“M.J. and the Andretti team have built an incredible business through thoughtful, strategic growth, meticulous execution, and unparalleled passion to be the best across the entire organization,” said Cedric Fortemps, CFA, co-head of Matrix’s Downstream Energy & Convenience Retail Investment Banking Group. “We are honored to have been chosen to advise them on the sale of the exceptionally successful business that they built and know that their successes will continue in their future endeavors — both on and off the racetrack.”

Orange-based H&S Energy has more than 160 convenience stores under the Chevron, Texaco, Shell and 76 fuel brands. It operates its stores under the ExtraMile banner and under its own proprietary brand, Power Market.