Petro Marine buys Wrangell Oil from Privett

WRANGELL — Wrangell Oil, Inc. officially ceased to exist Friday.

Bill Privett, the current owner of the town’s multi-generational oil concern, sold his company to Seward-based Petro Marine Services for an undisclosed sum. The sale is a win-win for the community, based largely on the economies of the scale Petro Marine can provide, Privett said. The Wrangell Distribution plant joined Petro Marine’s Alaskan plants in Ketchikan, Petersburg, Kodiak, Seward, Sitka, Skagway, Whittier, Anchorage, Homer, Juneau, and a Canadian plant in Whitehorse, Yukon Territory. Wrangell Oil’s two employees, which i...