March 6, 2025 – Flatirons Capital Advisors, a leading mergers and acquisitions advisor to privately held, middle-market companies, is pleased to announce the partnership of AEG Petroleum and Plexus Capital.
Plexus Capital, LLC and AEG Petroleum, LLC (“AEG”) have partner to establish a new platform focused on expansion within the petroleum distribution sector. Headquartered in Amarillo, Texas, AEG is a leading distributor of fuel, diesel exhaust fluid, and lubricants. The company was founded by Wade Alexander in 2010. It operates multiple distribution centers and card lock stations across Texas, Oklahoma, and New Mexico.
Wade Alexander, President, CEO, and Founder of AEG, stated, “AEG is a leader in the petroleum distribution industry and has always maintained the utmost professional integrity while providing excellent service to our customers in Texas, Oklahoma, New Mexico, and surrounding states for the past 15 years.” “I am beyond proud of the lasting relationships with customers, vendors, and our employees. Our new partnership with Plexus is a natural next step as AEG continues to grow for the benefit of our customers and employees.”
According to Bard Pence, Partner at Plexus Capital, they are excited to collaborate with the AEG leadership team to boost growth in the petroleum distribution industry. The company has a strong track record of expansion, long-standing customer relationships, a talented leadership team, and an exceptional reputation for providing unmatched customer service. To create a leading platform, they look forward to building on this solid basis and supporting AEG’s continued growth through strategic acquisitions and organic efforts.
PGIM Private Capital provided the funding for the deal. Stephens Inc. served as the financial advisor to Plexus, and Flatirons Capital Advisors served as the financial advisor to AEG Petroleum.
About AEG Petroleum
AEG distributes fuel, DEF, and lubricants, with its headquarters in Amarillo, Texas. AEG stands out for its dedication to safety, dependability, and customer service. AEG provides fleet, government, industrial, and agricultural accounts in Texas, Oklahoma, New Mexico, and neighboring states by utilizing its brand. AEG takes pride in providing advanced petroleum products while valuing its customer relationships.
About Plexus Capital
Plexus, a North Carolina company with offices in Raleigh and Charlotte, has collected more than $2.2 billion through seven funds, enabling it to fund more than 190 platform investments and concentrate solely on the lower middle market. To finance expansion, acquisitions, leveraged buyouts, management buyouts, and recapitalizations, Plexus invests debt and/or stock. Large market prospects, solid management teams, healthy cash flow, and the need for funding to carry out business objectives are all characteristics of prospective portfolio companies.
About Flatirons Capital Advisors
Flatirons Capital Advisors, LLC (www.flatironscap.com) is a Mergers and Acquisitions advisory firm that helps privately held companies sell their businesses and acquire other businesses. Our unique business model affords sell-side advisory clients the ability to improve their company’s performance, earnings, and effectiveness in the short term while simultaneously increasing their market value for a future sale. Flatirons has offices in Colorado, Florida, Illinois, and Texas.
