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JF PETROLEUM GROUP AGREES TO ACQUIRE ELITE PETROLEUM INC.

The JF Petroleum Group entered into a definitive agreement to acquire the assets of Elite Petroleum Inc., the company announced.

Headquartered in Greenville, South Carolina, Elite is a turnkey construction services company that serves the Palmetto State. Effective April 1, all current employees of Elite became JF Petroleum Group employees.

JF Petroleum Group (formerly Jones & Frank) provides 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 39 branch offices, four distribution centers and more than 1,100 employees across the U.S. The JF Petroleum Group represents products including Gilbarco Veeder-Root, VeriFone, OPW, Franklin Fueling and Containment Solutions.