Morrisville, NC – March 31, 2022
The JF Petroleum Group, a MidOcean Partners portfolio company, and the premier provider of fueling system solutions in North America, announced today that it has entered into a definitive agreement to acquire the assets of LeBlanc & Theriot Equipment Company (LB&T). LB&T was founded in 1964 and its headquarters is located in Metairie, LA. Throughout the course of its 68-year history, LB&T grew to become one of the Gulf Coast region’s premier petroleum equipment installation, distribution and solution providers, that specializes in a wide range of services in commercial fueling applications.
Keith Shadrick, CEO of The JF Petroleum Group, stated, “Given the growing demand for installation services throughout our Gulf Coast Region, especially in the commercial sector that LB&T is widely recognized as being best-in-class, this meaningful acquisition will increase our capacity to serve our growing customer base along the Gulf Coast. We are pleased to welcome Louis Theriot and the employees of LB&T to the JF Petroleum Group family!”
Louis Theriot, President of LB&T, stated, “I am very proud of the accomplishments of LB&T and the great team that built our company and helped it to thrive for the past 58 years. I am especially appreciative of our customers and all the support and success we enjoyed together. Now, I really look forward to the future and having our team join the industry’s leading turnkey solution provider, the JF Petroleum Group. We are well positioned to grow our market share and provide even better service and support to our new and existing customers.”
About JF Petroleum Group
The JF Petroleum Group (formerly Jones & Frank) is a leading provider of turn-key distribution, construction and service solutions to the North American fueling infrastructure industry. The company serves retail fueling stations, commercial and government fleets, and emergency power customers through its network of 39 branch offices, 4 distribution centers and over 1,200 employees located across the United States. The JF Petroleum Group represents the premier products in the fueling infrastructure marketplace, including Gilbarco Veeder-Root, VeriFone, OPW, Franklin Fueling and Containment Solutions. To learn more, visit www.jfpetrogroup.com.
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