Founded in 2008, Petroleum Equity Group works with all types of fuel marketers, including branded and unbranded retail and wholesale distributors with gas station and convenience store chains, truck fleets, and terminals.  Our singular focus is helping them to either grow their business through acquisitions or position their fuel assets and companies for sale.

 

 
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BEST IN CLASS SERVICES

We have a solid track record of helping distributors grow operations through acquisitions of gas stations, convenience stores & service stations

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HIGHLY SKILLED EXPERTISE

We work efficiently with you and your team to develop goal oriented strategies to achieve objectives whether buying or selling assets

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TURN-KEY SOLUTIONS

We are adept at implementing a proven formula which supports your decision to sell your gas station assets & businesses to the right buyer

 


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 terminals, fuel contracts, gas stations and convenience stores, is our core focus and expertise which makes us unique. Through our extensive relationships, we deliver readily qualified buyers anywhere in the US.  We know all the regional players and strategic buyers for your assets. Equally important, for our many clients interested in growth, we have a successful record of identifying valuable acquisition opportunities.

The high quality of our work in the downstream fuels business has enabled us to work with major and regional oil companies such as Shell/Motiva, ExxonMobil, Sunoco, Hess and Gulf, and chain operators such as Cumberland Farms, 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

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PARTICIPATION & PUBLICATIONS

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RELATED COMPANIES

 

Pursuing oil & gas business
ventures in Latin America

Bringing CNG to the
retail
gasoline market

 
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Kenneth Shriber, Managing Director & CEO

Ken has nearly 30 years of experience working in the downstream oil and gas business, including a 22-year 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 initial 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 and regulatory affairs liaison during and after Operation Desert Storm in the early 1990’s, and manager of a global 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 gas and convenience store businesses. He assumed region management positions 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 fuel margins and volume as well as gross profit dollar contributions from convenience store operations.

In 2008, Ken formed Petroleum Equity Group (PEG), which works with fuel marketers, jobbers, and terminal owners helping them to either grow their businesses through strategic acquisitions and real estate development opportunities, or sell their gas station assets or companies. PEG offers comprehensive management and advisory services, including market insight, analytics, site valuations, and contract negotiations. The company also provides access to debt and equity providers to finance deals. PEG has been actively involved in transactions ranging from $3M to over $30M in total capitalization. In 2014 Mr. Shriber co-founded Petromerica, LLC with a Miami-based partner to pursue opportunistic oil and gas business ventures in Latin America.

Mr. Shriber's diverse fuels background and experience equips him with a unique skill set; strong analytical capability, commercial/retail market development skills, a keen ability to identify and source capital funds for mergers/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.