Greenergy acquires Inver Energy

Greenergy has agreed to purchase 100% of the shares of Inver Energy, an Irish-based independent fuel supplier, giving it a presence in the growing Irish market for the first time.

Invers’s business activities include import and storage facilities and fuel supply operations in Ireland, as well as an Irish retail dealer network operating under the growing Inver brand.  Inver’s existing management team will remain in place and Chris O’Callaghan, Inver’s Managing Director, will join the Board of Greenergy Fuels Holdings Ltd.

Andrew Owens, Greenergy Chief Executive, said:

“It’s been a long-term ambition of Greenergy to participate in the Irish market.  As entrepreneur-founded private businesses, Greenergy and Inver are a perfect structural and cultural fit to fulfil this ambition. Both are customer-focused, can-do businesses with an emphasis on safety, operational reliability and low costs.

By combining Greenergy’s global origination skills with Inver’s share of the recently constructed AFSC terminal in Ireland, its branded retail dealer offer and strong local customer relationships, we aim to accelerate the expansion of Inver’s business in Ireland.”

Chris O’Callaghan commented:

“The acquisition by Greenergy is a very exciting opportunity for everyone at Inver.  While we are now part of a significantly larger business, we will continue to think and act ‘local’ and will maintain our commitment to our customers and their businesses.  I look forward to steering the business through its next stage of development.”

Inver Energy is a leading fuel supplier in Ireland, supplying petrol, diesel, aviation fuel and heating oil to commercial and retail customers.  In Ireland Inver has a 50% shareholding in the AFSC import and storage facilities at Foynes, a strategic location on the west coast, and supplies independently owned forecourts through the Inver brand.  It also owns a terminal in Cardiff in the UK, a portion of which is leased to Greenergy.

East Cork Oil Company continues as the other 50% partner in the AFSC import terminal in Foynes.

For more information:

Alex Lewis, Greenergy Head of Communications,

Phone: + 44 207 404 7700, alex.lewis@greenergy.com

 

Chris O’Callaghan, Managing Director Inver Energy

Phone: +353-(0)21 439 6950, chrisocallaghan@inverenergy.com

About Inver

Inver is one of the leading fuel suppliers in Ireland.  Over the past 30 years this Irish company has grown their business from a local supplier of fuel oil to a national supplier of a full range of fuel products. It currently supplies 10% of Ireland’s fuel requirements.

www.inverenergy.com

 

About Greenergy

Greenergy is an established supplier and distributor of road fuels with a proven track record as the low-cost supplier delivering highly reliable customer service.  Greenergy manages fuel supply chains from refinery gates to customer sites, importing, storing, blending and distributing fuel and managing stock levels for customers.

In business for 25 years, Greenergy supplies some of the largest fuel retailers in the UK.  Its diverse customer base includes supermarkets, major oil companies, independent retailers and commercial users.   Greenergy also operates in Canada, Brazil and Bahrain.

www.greenergy.com

Inver forecourt – finalists in Ireland’s Forecourt & Convenience 2016 Retailer Awards

inver flagship service station in Limerick

Inver’s first state of the art company owned forecourt are finalists in the Irish Forecourt and Convenience Retailers Awards.

These awards represent the pinnacle of convenience and forecourt retailing across the Republic of Ireland. Irish forecourt and Convenience magazine stated they received hundreds of entries and the competition was ‘fierce’.  Each applicant underwent a comprehensive judging process by the magazines independent adjudicators Spotcheck.

The two nomination received are:  finalists in the Newcomer of the Year category and finalists in the Forecourt Category 1 with C Store up to 1100 sq ft.

Ben Lenihan, Inver’s Retail Director said ‘ We are delighted with the two nominations Invers forecourt at Punches Cross has received.  These awards recognize the efforts of companies to promote excellence in the quality of their products, services and customer care.  Our continued goal is to maintain these standards for our forecourt partners and motorists.’

Inver opened a second company owned service station in Limerick in June and the network continues to develop and expand.

Inver Service sStation

Inver Service Station at Hurlers Cross

 

Inver’s terminal operator px group win major safety award

Inver Energy’s Fuel Terminal at Cardiff Dock secured a silver award as a first time entrant into the RoSPA Occupational Health and Safety awards. Inver’s terminal under the management of px group bypassed the merit and bronze categories. Inver’s Cardiff Terminal stores and supplies 300 million litres of petrol, diesel, heavy fuel, kerosene and various additives. This is a huge achievement for the px group and Inver Energy (UK) Ltd. If this standard is maintained over successive years, the Cardiff Terminal under px’s management would also be eligible for a Gold Award. px also won prestigious gold awards for their management of other locations

Mark Kenrick, Director of Safety, Health, Environment and Risk Management with px group, said: “Our goal is to operate our assets without harming people, environment or indeed the equipment and we put a huge amount of effort into achieving this. It is nice to see that this drive has delivered thousands of hours of incident free work which, in turn, has been recognized by RoSPA. Credit for these awards goes to all our employees who, every day, apply the working practices which have kept them and the areas in which they work, safe.”

Tony Wilson, Inver Energy (UK) Ltd, Managing Director is delighted with this award, ‘Inver’s health, safety and environmental policy are key components of our day to day business practice, px receiving this silver award for our Cardiff terminal is a significant endorsement of those policies and the major investment we have made to ensure this terminal is state of the art. RoSPA’s recognition of Inver’s and px’s mutual health and safety and environmental goals is recognition of our companies common goals and hardworking staff ensuring those goals are met on a daily basis.’

Fuel Oil News present Tanker of the Year 2015 award

2015 Tanker of the year award ceremony

Fuel Oil News present their 2015 Tanker of the Year award to Inver

Jane Hughes from Fuel Oil News presented the 2016 Tanker of the year award to Tony Wilson, Commercial Director of Inver Energy (UK) Ltd. It is a shared award with the truck manufacture, Bruce Williams of  Williams Tankers Services and  Paul Preston of Turners Transport, Inver’s  fuel distributor partner.

The truck was manufactured by Williams Tanker Services utilizing a proven baffle and vessel design, LAG construction method. These award winning modifications within the truck design offers technical excellence as the vessel construction requires  only three circumference welds to achieve the vessels overall length.  It also eliminates inter compartment or external weld joints, ensuring zero vessel leakage.

Jane presented the award at the FPS EXPO 2016 in Liverpool. This EXPO is the event of the year for the Oil distribution industry in the UK and the Republic of Ireland.

Tony Wilson stated, ‘these bespoke modifications have made our transport capabilities more efficient. It allows us to make a more competitive offering to our customers and helps reduce our daily carbon footprint.  We are delighted Fuel Oil News have recognized our new tanker with this prestigious award.’

Inver wins Fuel Oil News Tanker of the year 2015.

Inver’s Winning tanker – improve costs and reduces our carbon footprint.
Tony Wilson, Inver Energy’s commercial director was delighted to learn that the Inver Tanker on the front cover of Fuel Oil News magazine had taken the Fuel Oil News 2015 tanker of the year title.

Inver’s new bespoke tanker is almost two tonnes lighter than the one it replaced increasing the carrying capacity by 2,000 litres and significantly improving our transport costs”,said Tony

“The fuel savings that this lighter tanker achieves on the return journey to our terminal is a considerable benefit that’s often overlooked. With its bespoke modifications and reduction in fuel consumption, this tanker helps reduce our daily carbon footprint and allows us to make a more competitive offering to our customers.” Working exclusively on the Inver Energy haulage contract from Cardiff, the tanker, which was manufactured by Williams Tanker Services,(WTS) is operated by Turners Transport. “Our clients continue to benefit from the ongoing partnership between Turners and Williams/LAG,” said Turner’s fuel supply solutions manager Paul Preston. “The acquisition of this new LAG bespoke Inver trailer for the Inver Energy UK contract demonstrates how utilizing leading equipment can benefit our clients.”

“The LAG fuel oil tanker is of a class leading technical design with low weight/strength ratio, unrivaled discharge ratio against product retention, coupled with excellent reliability, low whole life cost and high residual value,” said WTS managing director, Bruce Williams.

Inver’s first company owned service station opens at Punches Cross, Limerick

inver-energy-flagship-store-limerick

Inver’s first company owned service station opened December 2015 in Punches Cross, Limerick.  This state of the art company owned site, has revitalised the local community with a much needed local service station.

This new service station opened with very strong fuel sales as the surrounding neighbours enjoy the convenience of a modern local station, selling quality traceable fuel. This station offers full services to customers and a Spar shop. Shane Gleeson a long standing retailer operates the service station and shop.

Inver continue to supply Irish Ferries

inver sign irish ferries deal

Inver will continue to fuel Irish Ferries with a signed extension to the current marine fuel supply agreement out to January 2017.  Rory Brislane Inver’s Commercial Director said “Inver are the number one physical supplier of marine fuel in Ireland and we are delighted to continue working with Irish Ferries“.

Inver customers take advantage of the current low road fuel prices

inver truck

Inver’s customers are benefiting from fixed price contracts, Commercial Director Rory Brislane noted “with prices at historic lows, new and existing customers are now being supplied fuel based on the fix price option Inver is offering. This pricing option is taken up by different companies across a variety of industries such and the transport industry, food industry and the service industry”.

December 2014 – Inver agrees long term haulage contract with Turners Transport

Inver tanker

 

Early in 2014 we engaged in a strategic review of our companies transport requirements. Our object was to procure a dedicated haulage company with the ability to grow with our expanding business while maintaining the highest level of Health and Safety compliance and vehicle efficiency. Following extensive market analysis Inver UK is pleased to announce it has chosen Turners (Soham) Limited as its haulier. We were impressed by Turner’s investment strategy in high efficiency fleet and IT logistics and their in depth knowledge of the petroleum market. This new contract will commence in early March 2015 and will further enhance Inver’s service to its customers. We are pleased that the employees of our existing contractor, Cardiff Bay Transport Ltd., will be offered job protection by transferring to our new contractor. This also provides important continuity for our customers

January 2015 – Inver appoints New Sales Manager

New sales manager

Andy McAvoy has recently joined the Cardiff based team at Inver Energy UK. He brings with him a wealth of experience gained in the Fuel Distribution sector in Scotland as Regional Director with Brogan Fuels and as General Sales Manager with Certas Energy.

Andy will have responsibility for managing the existing sales relationships and for developing new and exciting business opportunities / partnerships throughout the UK.

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