POSTED: 12:59 p.m. HST, Jun 2, 2014
LAST UPDATED: 3:06 p.m. HST, Jun 2, 2014
Par Petroleum Corp. will purchase Mid Pac Petroleum LLC, its more than eighty 76-branded gas stations, and other assets for roughly $107 million.
The Houston-based company, that recently closed on the purchase of Tesoro Hawaii LLC, expects the deal to close in the third quarter of this year, according to a statement.
Mid Pac, whose parent company is Koko'oha Investments Inc., is the exclusive licensee of the 76 brand in Hawaii and operates four terminals across the island chain.