United Petroleum

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United Petroleum
IndustryFuel retail & distribution
Founded1993
FounderAvi Silver
Eddie Hirsch
Headquarters
Hawthorn, Victoria
,
Australia
Number of employees
2500
Websitewww.unitedpetroleum.com.au

United Petroleum is an Australian petrol retailer and importer.

Its origins can be traced back to 1981, when United's directors commenced operating service stations under the Astron banner in Victoria. Astron was closely associated with Esso. By 1990, the company had opened 23 new sites throughout Victoria.[1]

United Petroleum was established in 1993, with the opening of a chain of service stations/convenience stores in South Australia. It expanded operations into Victoria, and over the next two years built networks in the Australian Capital Territory, New South Wales and Queensland. It later expanded into the Northern Territory, Tasmania and Western Australia.[1]

In the mid 2000s, it acquired fuel import terminals in New South Wales, Northern Territory, Tasmania and Victoria.[1]

In September 2016, United Petroleum filed documents with the Australian Securities & Investments Commission to list the company on the Australian Securities Exchange.[2] However the listing did not proceed, with United becoming involved in a legal dispute with advisors Herbert Smith Freehills.[3]

In April 2017, United Petroleum acquired Pie Face from receivership for an undisclosed sum.[4]

In 2021 a number of former franchisees sued the company for allegedly unfair termination.[5]

Sponsorships[]

Between 2014 and 2016, United Petroleum was the official supplier of E85 fuel for the Supercars Championship,[6] after which Shell took over the supply deal.[7]

References[]

  1. ^ a b c About Us United Petroleum
  2. ^ United Petroleum sets IPO deadline Petrol World 22 September 2016
  3. ^ Herbert Smith Freehills blamed for failed United Petroleum IPO Australian Financial Review 3 April 2018
  4. ^ Chung, Frank (13 April 2017). "United Petroleum acquires Pie Face". news.com.au. News Corp Australia. Retrieved 13 April 2017.
  5. ^ Knight, Ben (20 June 2021). "Under the pump". ABC News. ABC News. Retrieved 20 June 2021.
  6. ^ United Petroleum Fuels V8 Supercars from 2014 Supercars
  7. ^ "Supercars partners with Shell Fuels". Supercars. 3 March 2017.

External links[]

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