MARTINEZ, CA / ACCESS Newswire / April 1, 2026 / Shields, Harper & Co. (SHC) today announced the acquisition of Petroleum Marketing Equipment (PME), further strengthening SHC's position as a leading distributor of fueling equipment, infrastructure solutions, and related services.

PME will continue to operate under its established name and brand, maintaining the strong customer relationships, technical expertise, and industry reputation it has built over many years.

As part of the transaction, SHC has established a divisional leadership structure to support the continued growth of the combined organization. Niazi Alzouhbi, formerly President of Shields, Harper & Co., will assume the role of Chief Executive Officer of the combined enterprise. In this role, he will focus on long-term strategy, organizational growth, and future expansion initiatives.

Don Petroni will serve as President of the Fueling Division, overseeing the combined SHC and PME distribution operations and leading continued investment in customer service, operational excellence, and market expansion. SHC's non-fueling brands, including LilyPad EV, Keystone Electric, and Convenience Store Fixtures will continue to be led by their respective segment leaders.

"This acquisition represents another important step toward building a premier fueling equipment platform," said Niazi Alzouhbi, CEO of Shields, Harper family of companies, "PME has built an outstanding reputation in the industry, and by bringing our organizations together we are creating additional capabilities and resources to better serve our customers and supplier partners."

"This combination allows us to build on the strengths of both organizations," said Don Petroni, President of the Fueling Division. "Our priority remains supporting our customers and partners while leveraging the expanded resources and expertise of the combined organization."

Customers and suppliers can expect:

• Continuity of existing relationships and points of contact

• Enhanced product availability across the full spectrum

• Greater technical and operational resources

• Increased investment in support capabilities

• A continued long-term commitment to the fueling industry

No immediate operational changes are planned, and customers should continue working with their existing PME and SHC contacts.

The combined organization will continue investing in its people, infrastructure, and growth initiatives while maintaining the service culture that has made both companies successful.

This acquisition reflects SHC's long-term strategy of building a best-in-class infrastructure services platform serving the traditional fueling, EV charging & battery storage, construction, and retail markets.

About Shields, Harper & Co.
Shields, Harper & Co. is a leading distributor of fueling equipment and infrastructure solutions serving petroleum marketers, contractors, and commercial customers across the western United States.

About Petroleum Marketing Equipment
Petroleum Marketing Equipment (PME) is a respected distributor of fueling equipment and services known for its technical expertise and long-standing customer relationships.

Contact:

Stephanie Luna, HR Generalist
SLuna@shieldsharper.com

Terri Mierkey, Marketing Manager
tmierkey@shieldsharper.com

SOURCE: Shields Harper & Co