Red Apple Group Arranges Acquisition Of Wholesale Petroleum Business Of PPL EnergyPlus Retail, LLC

John A. Catsimatidis, Chairman and CEO of Red Apple Group announced recently that it has arranged the acquisition of the wholesale petroleum business of PPL EnergyPlus Retail, LLC. The business will be conducted under the name United Energy Plus Terminals, LLC (UEPT).

UEPT joins the family of energy companies owned by Red Apple Group,/Mr. Catsimatidis, including United Refining Company of Warren, PA; United Refining Energy Corp., of New York, N.Y.; United Metro Energy Corp., United Biofuels, Inc. of Brooklyn, N.Y., and United Riverhead Terminals, Inc., of Riverhead, Long Island, New York. Together, these affiliated companies have more than $6B of sales annually.

UEPT is a full service wholesale petroleum supplier/marketer in the Mid-Atlantic Region. The business supplies petroleum products from 20 through-put terminal locations to customers located in Pennsylvania, New Jersey, New York, Maryland, Delaware, Washington, D.C., West Virginia and Virginia.

Mr. Catsimatidis remarked: “This acquisition will allow us to bridge our wholesale customers’ relationships between Pennsylvania-based United Refining Co., New York-based United Metro Energy Corp., and Long Island, N.Y. based United Riverhead Terminal, Inc, which has five million barrels of petroleum storage available.”

All of the former employees have been retained. Jerry Aunet, General Manager of UEPT, commented: “Our affiliation with John Catsimatidis will allow us to take advantage of our management team’s more than 100 years of combined experience in this business. The company provides a platform for the changing energy market in the Mid-Atlantic. We will continue to serve our existing customers, and with our new affiliation we will be able to expand our supplier, terminal, and rack agreements to better serve our growing wholesale and contract customer base.”