Pacific Business News – Chevron Hawaii sold to New York investment firm

Date: Apr 19, 2016

Chevron Corp.’s Hawaii operations have been sold to the New York-based investment firm One Rock Capital Partners LP, Pacific Business News has confirmed with multiple sources.

Chevron Hawaii informed its employees Tuesday of the deal and the next steps for the company.

One Rock Capital Partners subsidiary Island Energy Services LLC said Tuesday that it has signed an agreement to buy Chevron Hawaii’s refining, distribution and retail assets, including the company’s 58,000 barrel-per-day refinery in Kapolei in West Oahu, which is the smaller of the two oil refineries in Hawaii.

Island Energy Services also is buying Chevron’s 58 retail gas stations, four product distribution terminals on Oahu, Maui, Kauai and the Big Island, pipeline distribution systems and other assets.