United Petroleum

United Petroleum is an Australian petrol retailer and importer.

United Petroleum
IndustryFuel retail & distribution
Founded1993
FounderAvi Silver
Eddie Hirsch
Headquarters
Hawthorn, Victoria
,
Australia
Number of employees
2500
Websitewww.unitedpetroleum.com.au

Its origins can be traced back to 1981 when United’s directors commenced operating service stations under the Astron banner in Victoria. Astron was closely associated with Esso. By 1990 the company had opened 23 new sites throughout Victoria.[1]

United Petroleum was established in 1993 with the opening of a chain of service stations/convenience stores in South Australia. It expanded operations into Victoria, and over the next two years built networks in the Australian Capital Territory, New South Wales and Queensland. It later expanded into the Northern Territory, Tasmania and Western Australia.[1]

In the mid 2000s it acquired fuel import terminals in New South Wales, Northern Territory, Tasmania and Victoria.[1]

In September 2016, United Petroleum filed documents with the Australian Securities & Investments Commission to list the company on the Australian Securities Exchange.[2] However the listing did not proceed, with United becoming involved in a legal dispute with advisors Herbert Smith Freehills.[3]

In April 2017, United Petroleum acquired Pie Face from receivership for an undisclosed sum.[4]

Sponsorships

Between 2014 and 2016, United Petroleum was the official supplier of E85 fuel for the Supercars Championship,[5] after which Shell took over the supply deal.[6]

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gollark: If "karma" is implemented in this, it is by definition ish biased.
gollark: Why does this keep happening?
gollark: I kick the goblin YET AGAIN, d6.
gollark: My computer experienced a sudden apiary implosion. I'm back.

References
  1. About Us United Petroleum
  2. United Petroleum sets IPO deadline Petrol World 22 September 2016
  3. Herbert Smith Freehills blamed for failed United Petroleum IPO Australian Financial Review 3 April 2018
  4. Chung, Frank (13 April 2017). "United Petroleum acquires Pie Face". news.com.au. News Corp Australia. Retrieved 13 April 2017.
  5. United Petroleum Fuels V8 Supercars from 2014 Supercars
  6. "Supercars partners with Shell Fuels". Supercars. 3 March 2017.
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