Petroleum Equity Group provides quality advice and targeted services to its clients on portfolios of retail and wholesale gas assets, working with all types of buyers, sellers, and financial structures. The downstream fuels industry, specifically gas stations and convenience stores and wholesale fuel contracts, is our core focus and expertise which makes us unique. Through our extensive relationships with all national and regional companies, we deliver readily qualified buyers anywhere in the US.  Equally important, for our many clients interested in growth, we have a successful track record of identifying valuable acquisition opportunities.

The high quality of our services in the downstream fuels business has enabled us to work with major and regional oil companies such as Shell/Motiva, ExxonMobil, Sunoco, BP and Gulf, chain operators such as Circle K, Speedway and 7-Eleven, and a host of jobbers across the US with a concentration on the east coast. We have earned an unrivaled reputation from our clients and associates.

MEMBERSHIP HISTORY

PARTICIPATION & PUBLICATIONS

Kenneth Shriber, Managing Director & CEO

Ken has nearly 37 years of experience working in the downstream motor fuels business, including a successful 22-year management career at Exxon Company, USA and ExxonMobil Corporation. His diverse experience encompasses fuels marketing, convenience store chain operations, brand management, new product ventures, legislative, regulatory, and media affairs, financial reporting, global credit card marketing, asset acquisitions and management, and capital raising. He has also built an unmatched network of important contacts and resources within the industry.

Following field retail marketing assignments in the late 1980’s in both Exxon-operated and dealer franchise businesses, he was appointed to various management positions with increasing levels of responsibility. Key roles included: Headquarters VP Financial Staff; Legislative, Regulatory, and Media Affairs Liaison (during Operation Desert Storm which caused a world-wide oil market disruption in the early 1990’s); Region Manager; Global Manager of a credit card business in North America and AsiaPac.

With a broad base of industry knowledge, Ken had the opportunity to focus on his passion for retail/wholesale motor fuels and convenience store businesses. He assumed regional management positions in metropolitan areas in both dealer franchise and company-operated areas in significant Northeast US markets, managing the full P&L and redeveloping, co-branding and acquiring new properties. He achieved top honors by consistently growing motor fuel margins and volume as well as gross profit dollar contributions from convenience store operations.

In 2009, Ken formed Petroleum Equity Group (PEG), which works with fuel marketers, jobbers, terminal owners and retail gas station and convenience store chains, helping them to either grow their businesses through strategic acquisitions and real estate development opportunities, or sell their retail gas station assets and motor fuel distribution companies.  PEG offers comprehensive management and advisory services, including market insight, analytics, site valuations, and assisting with contract negotiations. The company also provides access to debt and equity providers to help finance deals. PEG has been actively involved in transactions ranging from $3M to over $80M in total capitalization. Since inception, PEG has worked on dozens of successful engagements valued at over $700M, cumulatively.

Mr. Shriber's diverse fuels background and experience equips him with a unique skill set; strong analytical capabilities, precise site valuations, commercial/retail market development skills, a keen ability to assist with sourcing capital funds for acquisitions, along with strong leadership credentials.

Ken graduated with honors from Lehigh University with a B.S. in Economics and Business, followed by an M.B.A. in Finance from Lehigh, graduating Summa Cum Laude. He currently resides with his wife and children in Westchester County, NY just outside New York City.