Midlands Business Journal May 13, 2022

Page 12

OIL SUPPLIER

MERGER STEVE PHILLIPS, PRESIDENT, ALLIED OIL

The Next Frontier

ALLIED OIL & SUPPLY ENTERS NEW CHAPTER As a company with more than six decades in business, there’s a lot about Allied Oil & Supply that screams, “heritage.” As of Jan. 1 this year it began a new chapter in operations, merging with Heritage Petroleum. “The concept of bringing these two organizations together was very simple,” said Steve Phillips, president of Allied Oil. “We’re very, very strong on the lubricant side and the diesel exhaust fluid side and they’re very strong on the diesel fuel side of things. Those synergies are going to come together to be able to provide a stronger, more sustainable organization going forward.” The complementary product sectors position the Omahabased operations and its Indiana-based counterpart to maximize market opportunities, Phillips said. It does so at a time when the transportation industry is running full tilt to meet the challenges of the nation’s supply chain. “Locally I think the biggest piece is we’ll end up with fuel as an additional product line we will be selling, diesel fuel specifically,” Phillips said. “Therefore, we expect the original Allied side of the

business will realize significant growth related to diesel fuel and the original Heritage geography will realize significant growth related to lubricants and lubricant services. “A large portion of Allied’s customer base is fleet-related and that’s going to be an opportunity. There’ll be expansion of additional trucks, additional drivers and obviously additional business related to that within the current Allied structure.”

Decades of Experience Allied Oil & Supply was founded in 1958 by Conrad Heinson, onetime salesman for Interstate Oil in Kansas City. Having learned Interstate was dropping out of the Nebraska and Iowa markets, Heinson pounced, launching Allied and servicing those markets. Over the next 40 years, the company grew its locations as well as its product line, introducing retail tire sales, bulk oil storage tanks and a Michelin Truck Retread plant by the turn of the century. In 2003, the company branched into industrial services and in 2011 changed its name to Allied Oil & Tire.

Page 12 • May 13, 2022­


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