Keller-Heartt Oil, a lubricants distributor serving the automotive, industrial and trucking industries has acquired Lou-Bob Corporation, a Chicago-based oil company. Terms of the transaction were not disclosed.
PRESS RELEASE
Keller-Heartt Oil, a full-service Shell alliance lubricants distributor serving the automotive, industrial and trucking industries announced the acquisition of Lou-Bob Corporation, a Chicago-based oil company founded in 1924.
“Keller-Heartt is very excited about this acquisition because of the company’s loyal customer base,” said Brian McGrath, president of Keller-Heartt and second- generation owner. “I have been competing against Lou-Bob for more than 25 years and know first-hand how loyal their customers are. Now we are all part of Keller-Heartt Oil.”
Lou-Bob Founder Bob Goldman named the company after his two sons Lou Goldman and Bob Goldman, Jr. Over the years the company successfully marketed lubricants to Chicago companies, building a reputation for reliability and high-quality products. Owner Kent Kennedy purchased the company from the Goldmans in 1976 and will stay active as a consultant for Keller-Heartt. “I feel confident that I will be providing a great value to our customers by selling the business to a well respected company that will treat them well,” said Kennedy.
Over the last 15 years Keller-Heartt has acquired several well-established family businesses including Sweeney Oil, Bell Fuel lubricants division, and Wholesale Oil. Terms of the Lou-Bob transaction were not disclosed.
“We will continue the great tradition of outstanding customer service our founders started,” said McGrath. “We look for acquisitions that mirror our values and quality of products.” Automotive products include antifreeze, motor oil, filters and cleaners. Products for the industrial market include grease/lubricants, solvents and absorbents. DEF, diesel exhaust fluid and Shell Rotella are sold to the truck market.
Combining the strength of Shell products with Keller Heartt’s customer focus, McGrath believes the company will continue to make a major impact in the Chicago market.
About Keller-Heartt Oil
Established in 1929, Keller-Heartt Oil built its reputation on ready deliveries, technical and logistics expertise, and customer-friendly service. In its 40,000 square foot warehouse in Chicago, Keller-Heartt maintains a complete inventory of lubricants for bulk, drum, and packaged goods. A truck fleet services the Chicago and northwest Indiana region and a staff of technical experts provides usage recommendations for customers. Petroleum products can be purchased throughout the continental United States and worldwide through Keller-Heartt’s one stop solution e-commerce website. In addition to Shell Oil products suppliers include Pennzoil, Oil Eaters, Quaker State, WD-40 and other leading manufacturers.
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