Aloha Petroleum

Infobox Company
name = Aloha Petroleum, Ltd.

type = Private company
genre =
foundation = Honolulu (early 1900's)
founder =
location_city = Honolulu
location_country = USA
location =
locations = 60
area_served = Oahu, Hawaii
key_people =
industry = Retail and wholesale trade
products =
services = Petroleum products, convenience stores
revenue =
operating_income =
net_income =
assets =
equity =
owner =
num_employees =
parent =
divisions =
subsid =
slogan =
homepage = [http://www.alohagas.com/ www.alohagas.com]
footnotes =
intl =

Aloha Petroleum, Ltd. is a company that owns numerous convenience stores (Island Mini Mart) and gas stations (Aloha Quality Gas) in Hawaii, many of which are operated by independent convenience store owners such as 7-Eleven.

The company also has federal, state, city and county contracts and supplies gasoline to other convenience stores and gas stations not branded as Aloha Gas or Island Mini Mart, including Costco, Freedom, NEX and AAFES. Aloha Petroleum Ltd. also owns the Mahalo branded gas stations.

Aloha was part of a controversial deal in which Harken Energy sold the company to a group of investors that included two of Harken's own board members, turning Harken's equity stake in Aloha into a loan, and thereby disguising most of their 1989 losses. This technique of inflating profits was used more famously by Enron. The same accounting firm, Arthur Andersen, was responsible for the Aloha Petroleum deal. [ [http://www.j-bradford-delong.net/movable_type/archives/000345.html "The Aloha Petroleum Deal"] ]

References

External links

* [http://www.alohagas.com Aloha Petroleum] - official website