Renewable Energy Group Acquires Amber Resources (dba Sawyer Petroleum) and Affiliates
January 4, 2022
Renewable Energy Group, Inc. (REG) has acquired Amber Resources, LLC (dba Sawyer Petroleum) and affiliated entities M.O. Dion & Sons and Amber Petroleum Products, expanding REG's downstream footprint in Southern California. The acquisition adds over 60 million gallons/year of diesel sales, a significant lubricants business (Shell Prestige distributor), eight locations including three cardlock sites, and is expected to be immediately accretive.
- Buyers
- Renewable Energy Group, Inc.
- Targets
- Amber Resources, LLC (dba Sawyer Petroleum), M.O. Dion & Sons, Amber Petroleum Products
- Sellers
- Matt Cullen
- Industry
- Oil & Gas
- Location
- California, United States
- Transaction Type
- Buyout
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