Rosewood Private Investments ("RPI" or "Rosewood") is pleased to announce the acquisition of The Southern Co., Inc. ("SoCo"), which will operate as a subsidiary of existing holding company, StationServ Holdings, LLC ("StationServ"). This is the second acquisition for the StationServ family of companies since RPI formed the entity in December 2021.
Established in 1945 and headquartered in Memphis, TN, SoCo is a petroleum equipment distributor specializing in sales, construction, service, electrical, and environmental compliance testing for the petroleum and industrial end markets in the Mid-South area. Since 1992, SoCo has been operated by the Scott Family, currently by Eric Scott and Jason Scott, both of whom will continue to be involved in the day-to-day activities going forward.
Eric Reisner, CEO of StationServ, said, "with the addition of SoCo, StationServ is even more well equipped to provide total lifecycle solutions to customers across the Mid-South. AMPET, PECO and DTS have served as a strong foundation which will be further fortified with the addition of SoCo. SoCo brings expertise to multiple of our existing service lines, as well as geographical expansion to the combined companies."
Eric Scott, principal of SoCo commented, "SoCo is excited to join the StationServ family of companies under the direction of Rosewood Private Investments. Being a member of StationServ, Team SoCo looks forward to expanding our breadth of services while enhancing our customer's experience."
Jason Scott, principal of SoCo, added, "partnering with StationServ and Rosewood is the perfect opportunity for our customers, vendors and, most importantly, our employees."
Consistent with the existing subsidiaries of StationServ, SoCo is a distributor for the largest fuel dispenser OEM, Gilbarco. As a licensed mechanical and electrical contractor in three states, SoCo brings decades of experience to any project and will enhance StationServ's existing capabilities. Additionally, the acquisition further densifies StationServ's presence in its existing footprint in the Mid-South, allowing the combined companies to better serve customers.
G.T. Barden, Managing Director of RPI, said, "The Southern Co. nicely complements AMPET and PECO, and the Scott family should be very proud of the company they've built. We look forward to partnering with Eric, Jason, and their entire team for the next stage of the company's journey. This addition to the StationServ family of companies allows us to extend our reach and broaden our service offerings for both existing and new customers."
Established in 2021 with RPI's acquisitions of Petroleum Equipment Company ("PECO") and American Petroleum ("AMPET"), StationServ is RPI's holding company for businesses involved in the service, installation, distribution, and repair of fuel equipment. In July 2022, StationServ subsidiary, PECO, acquired Durand's Testing Service ("DTS"), marking the first add-on acquisition for StationServ.
About Rosewood Private Investments:
Rosewood has a long history of investing in and creating value within numerous industries. RPI's approach to working with operating partners to strategically grow companies through acquisitions and organic means has proven successful for all stakeholders. Our current holdings are focused on industrial services, fire & life safety services, IT services, and manufacturing technologies. In addition to these areas, we are pursuing new platforms in specialty chemicals, transportation & logistics, and outsourced business services, among others. We welcome any information about investment opportunities within these verticals.
Visit www.rosewoodpi.com to learn more.