Krystal Growth Partners (“Krystal”) is pleased to announce that it has acquired a 50% interest in Enex Energy Corporation (“Enex” or the “Company”), a wholesale branded distributor of Esso Fuels and Mobil Lubricants.
Since 1977, Enex has grown to become one of Western Canada’s largest fuels and lubricants distributors. Enex provides high-quality fuels and lubricants through its wholly owned subsidiaries Enex Fuels, Fuelex Energy, and Peace Country Petroleum Sales. Through its affiliate companies, Enex serves commercial customers across Vancouver Island, Lower Mainland, and Northern B.C. and Alberta. The Company delivers to the aviation, forestry, mining, construction, and transportation industries as well as other commercial enterprises. Enex also has several commercial cardlock sites strategically located across its service area.
“We’re excited to be working with Krystal in Enex’s next chapter. Combining Krystal’s experience and business acumen with senior leadership at Enex will help us continue to grow and innovate in the coming years,” said Todd Nicklin, President and CEO.
Terry Holland, Managing Partner at Krystal, said, “We are thrilled to partner with the Enex team to support the Company in its next phase of growth. We believe there is significant potential to strategically position this business to capitalize on market and product expansion.”