Mid Pac Petroleum LLC: Company Profile

Background

Mid Pac Petroleum LLC is a Hawaii-based petroleum marketer and distributor, operating as a wholly owned subsidiary of Koko'oha Investments, Inc. and Grace Pacific Corporation. The company specializes in the acquisition, distribution, and marketing of petroleum products within the State of Hawaii. Holding the exclusive rights to the 76 brand in Hawaii, Mid Pac Petroleum supplies 71 76-branded gas stations, of which it owns 37 and operates 15. Additionally, the company owns and operates petroleum terminals and trucking operations across the islands. The 76 brand has been a well-recognized and respected name in Hawaii for nearly a century, currently holding approximately 12% of the local market share.

Key Strategic Focus

Mid Pac Petroleum's strategic focus centers on the comprehensive distribution and marketing of petroleum products throughout Hawaii. By leveraging its exclusive rights to the 76 brand, the company aims to strengthen its market presence and brand recognition. Its operations encompass the ownership and management of gas stations, petroleum terminals, and trucking services, facilitating a vertically integrated supply chain. The company also serves local marketers and commercial customers, fulfilling various contractual agreements to meet diverse fuel distribution needs.

Financials and Funding

In April 2015, Par Petroleum Corporation completed the acquisition of Koko'oha Investments Inc., the parent company of Mid Pac Petroleum, for approximately $107 million, plus working capital. This acquisition included 85 retail outlets and four terminals in Hawaii. The integration aimed to enhance Par Petroleum's marketing position in Hawaii and support refinery optimization at higher rates.

Pipeline Development

As of the latest available information, specific details regarding Mid Pac Petroleum's pipeline development and associated timelines are not publicly disclosed.

Technological Platform and Innovation

Mid Pac Petroleum utilizes various technological platforms to support its operations, including DreamWeaver, jQuery, and PHP. These tools suggest an emphasis on digital platforms, which could be further developed to enhance online customer engagement, streamline procurement processes, or facilitate targeted marketing campaigns to both retail and commercial segments.

Leadership Team

The leadership team at Mid Pac Petroleum includes:

Jim Yates: President and Chief Executive Officer.

Bob Kern: Director of Operations.

Raymond Davis: Construction and Maintenance Manager.

Thomas Huber: General Manager.

Earl Iwamoto: Trucking Supervisor.

Felisa Fuentes: Human Resources Manager.

Specific details regarding recent significant changes or appointments within Mid Pac Petroleum's leadership are not publicly available.

Competitor Profile

Market Insights and Dynamics

The petroleum distribution market in Hawaii is characterized by a limited number of key players, with Mid Pac Petroleum holding approximately 12% of the local market share. The market dynamics are influenced by factors such as fuel demand, regulatory policies, and competition from other fuel distributors.

Competitor Analysis

Key competitors in the Hawaiian petroleum distribution market include:

Aloha Petroleum Ltd.: A leading fuel distributor and convenience store operator in Hawaii, offering a range of high-quality fuels and lubricants under their own Aloha Gas and Aloha Island Mart brands, as well as partnering with renowned brands like Shell and Dunkin.

Chevron Corporation: A multinational corporation involved in various aspects of the energy sector, including petroleum distribution in Hawaii.

Hawaii Independent Energy LLC (HIE): A subsidiary of Par Petroleum Corporation, HIE is a leading provider of transportation fuels in Hawaii, supplying 31 Tesoro-branded retail stations on Oahu, Maui, and the Big Island.

These competitors offer similar products and services, contributing to a competitive landscape in the region.

Strategic Collaborations and Partnerships

Mid Pac Petroleum's strategic collaborations and partnerships are not extensively detailed in the available public information.

Operational Insights

Mid Pac Petroleum's operations are strategically positioned to leverage its ownership and operation of gas stations, petroleum terminals, and trucking services, providing a vertically integrated supply chain. This integration allows the company to optimize distribution costs and enhance its market presence in Hawaii.

Strategic Opportunities and Future Directions

While specific strategic opportunities and future directions for Mid Pac Petroleum are not publicly disclosed, the company has the potential to explore:

Market Expansion: Increasing its retail footprint by acquiring additional gas stations or expanding into new regions within Hawaii.

Product Diversification: Introducing new fuel products, such as renewable fuels, to meet evolving consumer preferences and regulatory requirements.