Trive Capital, a Dallas-based private equity firm, announced its investment in Rolfson Oil, a distributor of fuel, oils, and lubricants serving the energy sector. Following the investment, Rolfson acquired Flint Logistics Group, expanding its footprint and operational scale across key energy markets.
Founded in 1985 by Bill Unser and Royce Rolfson and later acquired by Tyton Holdings in 2011, Rolfson provides distribution and logistics services to the energy industry. In addition to fuel, oils, and lubricants delivery, the company offers storage tanks built through its in-house fabrication capabilities and developed the BATBOX dual-fuel onsite fueling system, which supports both diesel and natural gas-based fueling for frac fleets.
Subsequent to Trive’s investment, Rolfson completed the acquisition of Oklahoma City-based Flint Logistics Group. Flint provides fuel, oils, and lubricants across Oklahoma, Texas, and New Mexico. The transaction is expected to add scale to Rolfson’s platform and improve operational efficiency as it serves a growing customer base.
Headquartered in Addison, Texas, Rolfson operates in major U.S. shale basins including the Permian, Bakken, MidCon, Powder River, and Haynesville. The company also delivers onsite fuel management, storage, and fuel pumping services.
Flint Logistics Group serves the energy industry in the Southwest United States, providing delivery of fuel, industrial lubricants, and chemicals, along with tailored onsite storage and transportation solutions.
Trive Capital manages more than $8 billion in regulatory assets under management and focuses on equity and debt investments in middle-market companies. The firm’s investment team has participated in over 250 middle-market transactions representing more than $10 billion in revenue across its targeted sectors.
KEY QUOTES
“Rolfson’s operational expertise, market-leading footprint, and commitment to serving critical energy infrastructure make the Company an outstanding investment opportunity for our firm. We are thrilled to support Jason Burger and his leadership team as they further entrench their existing customer relationships, expand into new markets, and execute on the many opportunities to drive long-term value creation for all stakeholders.”
Jay Vise, Managing Director at Trive Capital
“We are excited to partner with Trive as we further expand our capabilities to better serve our customers’ critical fuel, oils, and lubricants needs. We have a collaborative partner in Trive who will support our next phase of growth and accelerate Rolfson’s strategic initiatives to drive value for our partners and customers.”
Jason Burger, Chief Executive Officer of Rolfson
“The acquisitions of Rolfson and Flint reflect Trive’s approach to building scaled platforms through disciplined underwriting. Together, the businesses are positioned for accelerated growth and enhanced service quality across the combined organization.”
Blake Bonner, Partner at Trive Capital
