Leaders advises Johnson & Dix on its sale of assets to Summit Distributing
In the second of two transactions in which Leaders advised Johnson & Dix, Summit Distributing LLC acquired the Company's wholesale gasoline distribution operation and five of its convenience retail stores in New Hampshire and Vermont. The wholesale segment of the Johnson & Dix's business supplies petroleum products to more than 70 locations in Vermont and New Hampshire. The principal brand to be distributed by Summit is ExxonMobil. As part of the transaction, Summit was formed by existing management of Johnson & Dix, who are backed by private equity investors.