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island energy services

NEW YORK, April 19, 2016 — Island Energy Services, LLC, a wholly owned subsidiary of One Rock Capital Partners, LP (“One Rock”) announced today that it has signed an agreement to acquire from Chevron U.S.A. Inc. (“Chevron”) certain refining, distribution and retail assets located in Hawaii, including the 58,000 barrel-per-day refinery in Kapolei, Chevron’s interests in a network of 58 retail service stations, four product distribution terminals on Oahu, Maui, Kauai and Hawaii Island, pipeline distribution systems and other related downstream assets statewide. Financial terms of the transaction were not disclosed. The agreement is subject to customary regulatory approvals and is expected to be completed during the second half of 2016. “Chevron has an excellent industry reputation for the quality and reliability of its products and services,” said One Rock Managing Partner Tony W. Lee. “We look forward to building upon the strong foundation that Chevron has established in Hawaii