Demopolis Yacht Basin Acquisition
Mergers and acquisitions have been a critical part of Retif Oil & Fuel’s ongoing success. We strategically seek companies that expand our geographical coverage and coincide with companies in our existing marketing area. The Demopolis Yacht Basin, a commercial marina for tugs and barges located in Demopolis, Alabama, was established in 1987. Retif acquired the management contract of DYB to manage their commercial fuel services in May of 2020.
Retif has assumed the ongoing operations of the facility throughout the integration. This business move has permitted us to expand our dock fueling services in the marine industry. Retif ultimately believes that we must leverage each other’s assets to strengthen the way we serve our valued customers.