RKA Petroleum Companies: 1-800-875-FUEL

RKA Petroleum Signs Agreement to Sell its Romulus based Terminal to Sunoco Logistics Partners L.P.

MEDIA CONTACTS:
Keith Albertie               734-946-2201
Kari Elliott                     734-946-2211

FOR IMMEDIATE RELEASE

ROMULUS, MI, August 5, 2009 - RKA Petroleum, LLC, a division of privately owned RKA Petroleum Companies (“RKA”), has entered into an agreement to sell its Romulus based refined products terminal to Sunoco Logistics Partners L.P. (NYSE:SXL).

While RKA will maintain its presence at the terminal as a long-term position holder, the sale of the terminal will enable the company to focus on growing its core petroleum marketing and distribution businesses.  The sale of the terminal to Sunoco Logistics will provide RKA with the opportunity to build its relationship with an industry leader with refined product terminals in Southeastern Michigan as well as other key markets throughout the Northeastern and Midwestern United States.

RKA Petroleum Companies is certified by the Women's Business Enterprise National Council as a Women Owned Business and by the National Biodiesel Board as a Certified BQ9000 Marketer. Founded over 60 years ago, RKA markets various petroleum products including conventional gasoline, ethanol-blended gasoline, straight ethanol, E85, on and off road diesel, biodiesel, Jet-A, Jet-A1, and other specialty products through its commercial, government, and retail channels. RKA currently operates in 25 states across the United States, operates Land & Sea Petroleum Holdings in Ft. Lauderdale, and operates Rex Carriers, Inc., its transportation division which serves as a nationwide common carrier and third-party logistics for the company. RKA also operates Express Fueling, its unattended cardlock and fleetcard operation and maintains a portfolio of real-estate properties through KLA Properties.

RKA distributes and manages over 350 million gallons of fuel annually, and continues to be an industry leader driven through acquisition, growth, and innovation.  For more information, please visit the RKA Petroleum Companies website at:  www.rkapetroleum.com.

Morgan Keegan & Company, Inc. served as financial advisor to RKA in connection with the transaction.


 

 


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Phone: 800-875-FUEL | Fax: 734-946-4772