Grants Pass, Oregon: GP Energy is acquiring the assets of Sheldon Oil Company of Tillamook, Oregon. Sheldon Oil is a longtime fuels wholesaler-retailer with additional operations in trucking, cardlock/fleet/commercial fuels, and lubricants. The company was founded in 1983 by Stan and Ruth Sheldon who started out with the Texaco brand. Sheldon Oil later switched to operate under Shell fuels and Petro-Canada lubricants. Sheldon Oil Company has been consistently recognized as a leader in service excellence. This family business has been led by second-generation brothers Mike and Shell Sheldon since 2001.
Sheldon Oil consists of eight (8) Shell-branded company-owned and company-operated sites, twelve (12) Shell-branded dealer sites, several unbranded fuel sites, four (4) cardlocks, a growing deck of fleet cards, a fleet of over a dozen trucks, and a commercial and motor oil lubricants enterprise. These top-quality, well-managed assets will be an excellent fit with the contiguous Andretti Group assets and infrastructure that spans CA, OR, and WA.
Owner Shell Sheldon commented: “This is a milestone event for both our company and family. We are so excited to have our life’s work transitioned to such a world-class growing operation. We have had a personal connection with the leadership of the Andretti team for many years. This combination is a perfect fit at the perfect time for both our family and the Andretti family of companies.”
Owner Mike Sheldon added: “This is the ideal path forward to our pursuing other personal interests all while giving my daughters, our third generation of Sheldons in the business, an opportunity to join a thriving organization and expand their prospects. There is no doubt that all our team members will flourish, while our customers and business partners will continue to be well served and highly valued.”
The Sheldon Oil identity and brand will be an integral business unit of the Andretti Group. Likewise, the Sheldon Oil Tillamook, OR office and operation will continue, functioning as a satellite office to support retail, wholesale, transportation/logistics, and cardlock/fleet/commercial activities. In short, the company will largely maintain its existing operations as a Tillamook, OR based division of Andretti.
Andretti Group-GP Energy Managing Member M.J. Castelo noted, “We are delighted to add such a quality operation to our enterprise for both our customers and employees. Of course, it is an awesome responsibility to continue the success and tradition of Sheldon Oil–we are especially primed to deliver both to customers and employees.”
Chairman Mario Andretti commented, “Our team is honored to be the steward of Sheldon Oil. I look forward to visiting Tillamook soon and getting acquainted with everyone. It is my privilege to welcome new teammates and valued customers to our enterprise. We take great pride in a seamless transition and the ongoing prosperity of Sheldon Oil.”
The Andretti Group is an integrated fuels wholesaler-retailer operating primarily under the Chevron, Shell, and 76 brands, as well as a Cardlock/Fleet operator under the CFN and Pacific Pride brands and a Logistics/Transport operator functioning as Arrow Logistics.
The company footprint spans California, Oregon, and Washington. The company principals are auto racing legends Mario Andretti, Michael Andretti, along with longtime Managing Member M.J. Castelo. For more information, please visit https://andretti1.com.