NorthStar Energy Acquires Alaska Petroleum Distributing in Fairbanks
September 16, 2019
Local family business joins NorthStar’s growing fuel network in Alaska
Fairbanks, AK – NorthStar Energy, an energy holding company in the Saltchuk family of businesses, has acquired Alaska Petroleum Distributing (APD), a family owned petroleum distributor serving residential, commercial, and retail customers in Fairbanks, North Pole, and surrounding areas.
Primarily a heating oil distributor, APD also owns and operates a local retail gas station, including a convenience store and car wash. NorthStar Energy has acquired many of APD’s assets and will continue to operate as Alaska Petroleum Distributing in the Fairbanks region. Additionally, APD has moved operations to a new location on 1733 Well Street, a 24,000 square foot warehouse which will provide the expansion space to grow their locally operated business and better serve their customers.
“We are proud to continue the APD brand the Johnson family has built over the past four decades. Alaska Petroleum Distributing is known for their exceptional service and strong reputation with their customer base,” says Don Stone, VP of Supply and Logistics for NorthStar Energy. “It’s exciting to welcome the Johnson family to the NorthStar Energy petroleum group and provide the additional resources that allow APD to continue to serve the local market more efficiently and provide complementary product offerings.”
APD joins Delta Western Petroleum, Inlet Energy and Northern Oilfield Solutions in NorthStar’s network of Alaskan energy distribution businesses. APD’s historic brand will remain in the care of second generation family members who will continue to manage and operate the business locally. NorthStar Energy looks forward to supporting Alaska Petroleum’s ongoing success for years to come.
About NorthStar Energy
NorthStar Energy is a Seattle-based energy holding company in the Saltchuk family of businesses. NorthStar invests in fuel and energy distribution companies in Alaska and Hawaii with a mission to be the vital link to the most reliable, best in class, integrated energy solution, guiding customers to the future of fuel.> Back to News