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Monday, November 7, 2016

NRC and Petroleum Equity Group Form Alliance

Source: Convenience Store Decisions
By CSD Staff

By combining resources, the two companies aim to offer even greater opportunities to clients.

NRC Realty & Capital Advisors LLC of Chicago, and Petroleum Equity Group Ltd. of Chappaqua, N.Y. have formed a strategic alliance to provide joint real estate and financial advisory and other services to owners and operators in the convenience store and gasoline station industry.

“We are excited to form this strategic alliance with NRC,” said Ken Shriber, managing director of Petroleum Equity Group. “Over the past few years, the companies have mutually admired the quality of work they independently produce, and we thought that this was the right time to co-develop future business. By combining resources on selected projects, we believe that together we can deliver even greater opportunities and improved services to clients.”

PEG and NRC most recently worked together on Western Convenience Stores’ emergence from Chapter 11 bankruptcy in August 2016.

Dennis Ruben, executive managing director of NRC added, “We have great respect for the work that Petroleum Equity Group has done since their inception in 2008. We at NRC believe that our two companies complement each other particularly well and that by offering our combined services to our clients in certain, unique situations, we will be able to provide superior service and added value to existing and new clients.”