Island Energy completes purchase of Chevron USA’s Hawaii assets
One Rock Capital Partners-controlled firm Island Energy Services has completed its acquisition of Chevron USA’s refining, distribution and retail assets located in Hawaii.
The assets being acquired include the refinery in Kapolei, four product distribution terminals on Oahu, Maui, Kauai and Hawaii Island, pipeline distribution systems and other related downstream assets in Hawaii.
In addition, the network of Chevron-branded gas stations in the islands will be converted to Chevron’s Texaco brand over the next year.
Island Energy will be headquartered in Kapolei and managed locally.
Around 99% of the Hawaii-based team members previously employed by Chevron have accepted offers from Island Energy to stay with the company.
Among those who will remain with Island Energy is Jon Mauer, a 28-year Chevron executive and current Hawaii refinery manager, who will continue as the company’s president and chief executive officer.
Mauer said: “This is an exciting opportunity to build on the strong foundation that Chevron established in Hawaii.
"As we move forward under the new Island Energy name, the same dedicated professionals responsible for decades of safe, reliable and environmentally responsible operations in Hawaii will continue to deliver high-quality gasoline and other refined products and services to meet the Islands’ energy and transportation needs.
"In addition, our support for community organisations will continue under Island Energy in recognition of this special place where we all live and work.”
Mauer added that Island Energy intends to improve its operations, as well as pursue opportunities to expand the business statewide.
Island Energy has already commenced the appointment of additional employees.
Beginning in 2017, Island Energy’s retail gasoline presence will undergo a transition from Chevron with Techron to Chevron’s Texaco with Techron brand, and expects to continue to reward loyal customers with the same discounts at the pump associated with the Safeway Reward Points and Chevron credit card programmes.