Fuel American Freedom Acquires C.A. Torbett

CA Torbett Inc. , a long time BP wholesaler and marketer in New Tazewell, Tenn., has been acquired by Fuel American Freedom LLC of Madison, Ga.

 

Founded in 1931, the company serves both retail and commercial customers throughout Northeastern Tennessee.  “My wife Mary Lou and I are happy that the legacy that was started so many years ago by my father will continue into the future,” said C.A. “Bud” Torbett. “Knowing that the business and our employees are in good hands enables us to step away and do some of the things that we’ve always wished we had the time to do.  Besides simply enjoying our new found freedom, I’m looking forward to helping a local charity here in New Tazewell, Tenn.” 

 

Fuel American Freedom, LLC is a Georgia-based multi-branded wholesaler. 

 

“This acquisition represents an important piece of our overall growth strategy,” said Tom DuPree, managing member of Fuel American Freedom, LLC.  “We are sincerely excited about the prospect of serving our existing and new customers as well as being a part of the Northeast Tennessee community.  The company’s trained and motivated employees were a big deciding factor in our decision to make the acquisition.

 

“This is a testament to the quality values that Bud instilled in the business and his team throughout the years.”

 

The sale was facilitated by PetroProperties & Finance LLC of Coral Gables, Florida.  “As this deal attests, the longer that we work with jobber divestitures, especially multifaceted operators having bulk plants, commercial and dealer customers and other real estate, the more we learn,” said Mark Radosevich, president of PetroProperties & Finance LLC. “No two transactions are alike and they all have interesting twists and unique challenges. Yet, I’ve come to believe that if a wide enough net is cast, every seller will find an appropriate buyer, like a hand in a glove.  Few things in business compare with the satisfaction gained by helping good folks like Bud and Mary Lou optimally exit, while enabling guys like Tom DuPree to achieve their personal business building goals.”

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