Source : BUSINESS NEWS
Great Southern Fuel Supplies directors have purchased a 2.3 hectare BP fuel station in Port Hedland’s Wedgefield Industrial Precinct for $10.3 million.
Allan and Faye McWhirter established the bulk fuel and lubricant distributor in Lake Grace 50 years ago.
It now operates or supplies more than 85 of Western Australia’s rural BP retail outlets, as well as delivers to metropolitan retail sites and BP commercial accounts.
HM Horizon Pty Ltd bought 1 Hematite Drive, Wedgefield from Acure Funds Management Ltd in May, according to RP Data.
HM Horizon is owned by the McWhirters, an Australian Securities and Investments Commission filing shows.
Allan, Faye, Steven McWhirter, and Dianne and Aaron Harvey are named as directors.
Acure Funds Management’s directors are linked to Perth-based Acure Asset Management, including managing director Angelo Del Borrello, and non-executive directors Gianni Redolatti and Chris Allen.
In 1976, the McWhirters stumbled into the fuel transportation industry through a house purchase that happened to have a fuel station attached to it.
Great Southern has grown to encompass major depots at Katanning, Narrogin, Albany, Corrigin, Koorda, Wongan Hills, Geraldton, Kalgoorlie, Kewdale, Moora, Merredin, Jerramungup, Carnamah and other regional locations.
Starting as a one-truck operation with a 166-litre drum, the company now drives majority Volvo trucks with the ability to hold 146,000 litres.
With the founders in their 80s, they plan on passing their business down to Steven (or Steve) and Dianne.
The Forrestfield-based company employs around 250 staff.
