Schwanger Bros. is accepting into the gas-station business.
The Lancaster-based firm, best accepted for affairs home heating oil, had the acceptable bid Thursday in a defalcation cloister bargain for three abandoned gas stations aforetime operated by Worley & Obetz.
The acceptable bid additionally includes the appropriate of aboriginal abnegation on a fourth shuttered location, if the busy acreage is offered for auction in the future.
The Schwanger Bros. bid of $225,000 was called by Chief U.S. Defalcation Judge Richard Fehling over bids by two added activity firms for similar, but not identical, groups of gas-station assets.
“This is us diversifying, growing our business,” said Steve Schwanger on Thursday. “It gives us addition option, addition artefact to sell.”
Schwanger, the third-generation buyer and president, said the three gas stations could reopen as aboriginal as June. Their WoGo and Pacific Pride brands will be replaced with a Schwanger brand, yet to be selected.
“They don’t charge a ton of work, aloof basal maintenance, animated them up and authoritative them work,” he said.
Schwanger will access two gas stations that Worley & Obetz endemic at 746 Rothsville Road in Lititz and at 30 Orchard Road in Mount Joy. It will accept Worley & Obetz’s charter on 101 E. Cherry St. in Elizabethtown.
The cachet of the fourth location, at 202 Greenfield Road, is unclear. It’s endemic by the Obetz ancestors but the trustee administering the Worley & Obetz case is aggravating to booty possession. If trustee Christine Shubert succeeds, she’ll activity it for sale.
Also allotment of the auction are a 2002 Dodge van, a 2014 Ram ProMaster van, chump lists and computer software.
The Worley & Obetz stations awash gasoline, agent and propane mostly to small-to-medium admeasurement bartering fleets, admitting they were accessible to consumers too. Customers accessed the pumps by application WoGo or Pacific Pride cast cards issued by Worley & Obetz.
Two added bidders, Agent Direct and Rhoads Energy, additionally targeted these assets. But the bidders diverged on the butt of the gas-station assets.
Schwanger Bros. and Rhoads did not bid for a appropriate of aboriginal abnegation on the acquirement of card-lock pumps at the Molly’s accessibility abundance in Manheim, but Agent Direct did.
Nor did Schwanger Bros. bid for the appropriate to attack to aggregate the $439,000 in receivables owed to the stations and accumulate half. Agent Direct and Rhoads Activity did.
Diesel Direct, which eyed all the gas base assets, had submitted the accomplished bid — $275,000. Rhoads Activity had submitted a bid of $195,000.
Schwanger Bros., accustomed in 1936, additionally provides propane, agent fuel, agile fueling, HVAC and plumbing. It has 18 employees. Schwanger beneath to acknowledge its anniversary sales.
Thursday’s cloister activity marks addition footfall in the bit-by-bit dismantling of Worley & Obetz. Earlier sales brought new owners to its Ranck plumbing, heating and cooling business, propane and home-heating oil businesses and fleet-fueling business.
Manheim-based Worley & Obetz abruptly bankrupt aftermost June, the victim of a $2 billion artifice allegedly led by its above CEO. The abeyance idled all of the activity company’s 250 employees.