Isle 76 stations sold to Tesoro owner
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Houston-based Par Petroleum Corp. will purchase Mid Pac Petroleum LLC, and its more than 80 76-branded gas stations, and other assets for roughly $107 million.
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.
