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Admiral Petroleum purchased by Sun Capital

Admiral Petroleum purchased by Sun Capital

BUS-AdmiralWhen gas prices go up, many people flock the Admiral gas station at the corner of Main and Muskegon to get a good price on gas.

Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, announced last month that an affiliate has bought Admiral Petroleum Company & Lemmen Oil Company, a leading convenience store business based in the Midwest.

The Company, which had been family owned and operated since the 1950s, became incorporated in 1956, with its first gas stations in Greenville. It is now headquartered in Coopersville, Michigan, and includes 130 Admiral-branded gas and convenience stores, as well as nine Lemmen-branded gas and convenience stores across Michigan and Indiana. Admiral was one of the first pioneers of the milk, bread, and egg concept in gas stations, which eventually became an industry standard. The Company today employs approximately 1,400 people.

Industry veteran Jeff Turpin, who has more than 20 years of experience in the convenience store industry, will lead growth initiatives at Admiral as CEO. Turpin previously served as Chairman and CEO of VPS Convenience Store Group, a former affiliated portfolio company of Sun Capital.

“Admiral has been an innovator in the convenience store sector, and we look forward to building on the business’ strong reputation as it explores new growth opportunities,” said Marc Leder, Co-CEO at Sun Capital. “We’re excited to once again partner with Jeff Turpin, whose proven track record in this industry is second to none. I’m confident his deep experience and operational know-how will be invaluable as Admiral charts an exciting course forward.”

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