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Patriot Capital, Empire Petroleum Enter Financing Partnership

November 04, 2015, 07:05 AM
Filed Under: Vendor Finance News

Empire Petroleum Partners LLC, a major motor fuels distributor, has entered into an exclusive strategic financing relationship with Patriot Capital Corp., a provider of equipment financing solutions for fuel retailers.

Empire retailers may turn to Patriot to access enhanced financing options to upgrade their equipment as a means of meeting their consumers’ demands for better conveniences and technologies, both in-store and at the pump.

“Patriot Capital’s experience and strategic insights into financing options will be of major benefit as we and our partners seek to meet our aggressive growth objectives,” said Ted Roccagli, director of partnerships and preferred vendor programs for Empire Petroleum Partners. “The partnership with Patriot Capital Corp. gives our dealers the ability to obtain rapid approvals and execute deals efficiently to enable their success.”

“We are excited to expand our relationship with Empire Petroleum,” said Chris Santy, president of Patriot Capital. “With EMV and marketing technology upgrades becoming a necessity for c-store operators, their vision is something we hope to help enable and support through our hassle-free equipment financing and leasing solutions. We are honored to be selected as their exclusive equipment-financing partner for products including dispensers, point of sale, ATGs and underground storage tanks.”

Atlanta-based Patriot Capital, a division of State Bank & Trust Co., specializes in providing equipment financing in the retail and commercial fueling verticals and other retail and manufacturing industries. Working with its customers to enable them to optimize their financing and capital structures, Patriot Capital is a leading provider of capital equipment financing and leasing to the National Association of Convenience Stores (NACS) and the Society of Independent Gasoline Marketers of America (SIGMA) members.

Empire Petroleum is a leading motor fuels distributor of top brands including Shell, Sunoco, BP, Chevron, Texaco, Valero, Gulf, Marathon, ExxonMobil, Phillips 66, Texaco, Chevron, Crown and 76. Additionally, Empire has developed its own brand and image named Empire’s Fast Fuels.

With headquarters in Dallas, Empire Petroleum distributes motor fuel product to gas stations in 29 states, serving markets in the Mid-Atlantic, Southwest, Southeast and Midwest

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