HESPERIA — After nearly 40 years in business, R.E. Goodspeed & Sons Distributing of the High Desert has changed hands from one family to another.
Founded in 1980 and based in Hesperia, Goodspeed & Sons Distributing Inc. was purchased by Flyers Energy, according to a news release from Flyers.
Goodspeed is a mid-sized petroleum terminal that employed over 60 full-time employees and generated an estimated $26 million in annual revenue for the company that dealt with cardlocks, bulk fuel, bulk lubricant services and transportation.
“We found Flyers Energy to be the best company to continue the service, customer care and superior products the Goodspeed companies have been providing the past 36 years,” said the family in a joint letter to customers announcing the completed sale.
Based in Auburn, Calif., Flyers is a family-owned business that distributes branded lubricants throughout the Golden State and across northern Nevada.
On Tuesday, several Flyers trucks were parked at the Goodspeed facility on the corner of I Avenue and Eucalyptus Street in Hesperia. The company also posted, “Flyers Energy has acquired Hesperia jobber Goodspeed Oil. We welcome Goodspeed customers to the Flyers family!” on the company’s Facebook page.
The Goodspeed acquisition allows Flyers to expand its lubricants business into the High Desert. This marks the fifth acquisition in about two years for Flyers.
"Our plan for the near future is to consolidate the acquisitions we've made over the last two years as we continue to look for specific opportunities in the West that build upon our existing footprint," said Flyers Managing Partner Walt Dwelle in a written statement.
Flyers Energy, LLC, operations include transportation, commercial fueling, distribution of passenger car, heavy duty, and industrial lubricants, wholesale and branded retail fuel, as well as generation of renewable fuels and power in the nation.
As the largest member of the Commercial Fueling Network, Flyers is also the marketer for Chevron, Shell, Valero, and 76 branded fuel stations, and offers commercial fueling at 230,000 retail gas stations nationwide with the Flyers Fleet Card.
Following in his father’s footsteps of wholesale fuel distribution, Raymond E. Goodspeed founded his own company in 1980 in Hesperia as a Chevron distributor. Four of Raymond’s children and one grandson eventually went on to run and work in the business.
“The Goodspeed family has been an institution in our community for a long time and they will be missed,” Hesperia Councilman Russ Blewett told the Daily Press. “They were involved in the community and they were one of the biggest sales taxpayers in the city.”
Flyers, which dates to 1931 when Walter Allen founded Beacon Oil Co., is looking for additional acquisitions in California, Oregon, Washington, Idaho, Utah, Nevada and Arizona, according to the Sacramento Business Journal.
For more information on Flyers, visit www.4flyers.com or search Flyers Energy on Facebook.
— Rene Ray De La Cruz may be reached at 760-951-6227, RDeLa Cruz@VVDailyPress.com or on Twitter @DP_ReneDeLaCruz.