CSP Daily – Chevron Deal Shakes Up Hawaiian Retail Landscape

Date: Apr 20, 2016

NEW YORK & SAN RAMON, Calif. — A private-equity firm with “a track record of fixing up underappreciated businesses” will take a swing at convenience retailing and fuel refining with its purchase of Chevron Corp.‘s assets in Hawaii.

“We look forward to building upon the strong foundation that Chevron has established in Hawaii over the past several decades,” said Tony W. Lee, managing partner of One Rock Capital Partners, in announcing the deal this week.