Chevron offloads Hawaii assets

Island Energy Services, LLC has completed the acquisition of Chevron USA’s refining, distribution and retail assets in Hawaii.
The acquired assets include the refinery in Kapolei, four product distribution terminals on Oahu, Maui, Kauai and Hawaii Island, pipeline distribution systems and other related downstream assets in Hawaii. In addition, the network of Chevron-branded gas stations in the Islands will be converted to Chevron’s Texaco brand over the next year. Island Energy will be headquartered in Kapolei and managed locally.
Ninety-nine percent of the Hawaii-based employees who were previously employed by Chevron have accepted offers from Island Energy to remain with the company. Among those who will remain is Jon Mauer, a 28-year Chevron executive and current Hawaii refinery manager, who will continue as the company’s president and CEO.
Island Energy Services, LLC is controlled by New York-based private equity firm One Rock Capital Partners, LP.