Month: April 2019

FOR IMMEDIATE RELEASE: April 22, 2019

NASHVILLE, APRIL 22, 2019 Parman Holdings Corporation is pleased to announce the acquisition of Cumberland Tractor & Equipment; a division of Cumberland Companies.

Parman Tractor & Equipment (PTE) will continue to provide the high level of service and support that the construction and agriculture customers of Cumberland Tractor and Equipment have come to expect. The Sales, Service, Parts, and Rental Departments remain intact as will the extensive product offering. New Holland Agriculture, New Holland Construction, Linkbelt, Takeuchi, Hitachi, and Sakai are some of the top brands available from PTE.

With over 35 years combined service to Parman Energy Group, Charley Crichton will serve as President of Parman Tractor and Equipment and Colin Hockenberger will be General Manager.

About Parman

The Parman name has been synonymous with premium petroleum products and reliable service in Middle Tennessee since the mid-1930s. Parman Energy Group currently operates from locations in Tennessee, Mississippi, Arkansas, and Minnesota and continues to look for ways to evolve and grow. As of 2015, Parman Holdings Corporation is 100% employee-owned.

Steve Moore, President and CEO of Parman Holdings Corporation, said; “Since selling Parman to our employees in 2015 I have thought that the ESOP platform would be well suited to support a diversification of assets.  Cumberland Tractor and Equipment is a well-run company furthered by Cumberland Company’s past stewardship. It is well positioned for further growth in Middle Tennessee and beyond. We are pleased to welcome their 33 employees to the Parman family of companies.”

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FOR IMMEDIATE RELEASE

NASHVILLE, APRIL 1, 2019 – Parman Energy Group (PEG) is pleased to announce the acquisition of Island Energy LP’s fuel sales and delivery business. Island Energy President J. Hardy Thompson said; “Island Energy plans to focus on and expand its propane operations in northeast Arkansas.”

Jeff Wilson will join PEG, working out of its Blytheville, AR location, which will serve Island Energy’s heritage fuel customers. PEG is proud to provide our newest customers with technology, industry-leading customer support and on time deliveries.

Like all PEG customers, those coming to us from Island Energy can expect to receive Totally Outrageous Customer Service (TOCS). Mark Spaniol, PEG’s Senior VP of Sales said; “we’re excited about the opportunity and look forward to providing best-in-class customer service to our new customers in Arkansas.”

About Parman Energy Group

Parman Energy Group has ties to Middle Tennessee dating back to the mid-1930s. Today, it is one of the largest distributors of lubricants, fuel and DEF in the region. Parman Energy Group, along with it’s parent company Parman Holdings Corporation is an employee owned company.