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Martin Resource Management

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uuid000rgl8

Namestring
Martin Resource Management
Legal namestring
Martin Resource Management
Websiteurl
martin-gas.com
Company typeenum
Private
Founded yearint
1981
Descriptiontext

Martin Resource Management (d/b/a "Martin Companies") is a privately held diversified energy and environmental services holding company headquartered in Kilgore, Texas, founded in 1981 and operating through a portfolio of wholly owned subsidiaries. The company employs more than 1,500 people across its subsidiaries and is affiliated with the publicly traded Martin Midstream Partners L.P. (NASDAQ: MMLP), with cross-linked corporate websites indicating a sustained structural relationship. There is no public ownership disclosure of private equity, institutional, or family-office backing beyond the MMLP affiliation.

The company operates across five primary subsidiaries. Martin Energy Services LLC runs full-service terminals distributing high-quality fuels and lubricants, including marine fuels and specialty lubricants, to commercial and industrial customers. Martin Product Sales LLC, which houses the Martin Asphalt Company brand, supplies asphalt products and pavement solutions — pavement preservation, construction, recycling and rehabilitation, and special applications — and markets proprietary offerings such as EZ-7 Crack Sealant. Martin Crude Marketing Co. handles crude oil marketing and trading. Cross Oil Refining & Marketing, Inc. extends the platform upstream into oil refining. ALTEC Environmental Consulting delivers asbestos and lead services, engineering, environmental assessments, industrial hygiene, mechanical integrity, oil and gas consulting, computer-aided drafting, and training programs.

The business model is B2B and sales-led, with quote-based pricing disclosed only indirectly through commercial terms pages. Revenue streams span hardware product sales (fuels, lubricants, asphalt, refined products), transaction-fee-like economics on crude oil marketing, and professional services via ALTEC. Customer segments are horizontal across maritime, oil and gas, construction/road infrastructure, and industrial/manufacturing facilities, all served within the United States. No app, API, software platform, or AI/ML capability is disclosed, and pricing, ARR, revenue, funding, M&A dates, leadership rosters, regulatory actions, and certifications are not publicly available in the source material.

Short descriptiontext

Martin Resource Management is a privately held Texas-based holding company operating five subsidiaries across fuel terminals, asphalt products, crude marketing, oil refining, and environmental consulting, serving B2B industrial customers in maritime, oil and gas, construction, and manufacturing sectors with over 1,500 employees.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersKilgore, United States
HQ citystring
Kilgore
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
petroleum product distribution, asphalt pavement products, marine fuel supply, crude oil marketing, environmental consulting services
Industry2 codes
1Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery)
CodeEUALAIADPrimaryYes
2Marine Bunkering & Port Fuel Supply
CodeEUALAIAGPrimaryNo
NAICS code2 codes
  • Fuel Dealers45721
  • Management, Scientific, and Technical Consulting Services5416
SIC code2 codes
  • Petroleum Refining2911
  • Crude Petroleum & Natural Gas1311
Product category
Energy and Petroleum Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model5 records
1Fuel and Lubricant Product Sales
TypeHardware Sales
Description

Sale of high-quality fuels and lubricants through Martin Energy Services LLC terminal operations, including marine fuels and specialty lubricants for industrial customers.

themartincompanies.com
2Asphalt Products
TypeHardware Sales
Description

Sale of asphalt products for pavement construction, preservation, maintenance, recycling, and rehabilitation applications through Martin Product Sales LLC.

themartincompanies.com
3Crude Oil Marketing
TypeTransaction Fee
Description

Crude oil marketing and trading operations through Martin Crude Marketing Co.

themartincompanies.com
4Refined Oil Products
TypeHardware Sales
Description

Refining and marketing of petroleum products through Cross Oil Refining & Marketing, Inc.

themartincompanies.com
5Environmental Consulting Services
TypeProfessional Services
Description

Environmental consulting services including asbestos and lead services, engineering, industrial hygiene, and training through ALTEC Environmental Consulting.

themartincompanies.com
Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 2 records shown
1Martin Asphalt Company
Description

Asphalt products for pavement construction, preservation, maintenance, and recycling under Martin Product Sales LLC

themartincompanies.com
+1 more record
Core offering1 text field

Martin Resource Management is a privately held energy services holding company that markets and distributes fuel oil, specialty lubricants, marine fuels, asphalt and pavement products, and refined petroleum products through five operating subsidiaries. It also provides crude oil marketing and trade services and offers environmental consulting, industrial hygiene, and engineering services to industrial customers in the energy, construction, maritime, and manufacturing sectors.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Martin Resource Management operates as a diversified holding company with multiple subsidiary companies providing a range of energy and industrial services. The portfolio includes Martin Energy Services LLC (terminal services, fuels and lubricants, marine fuels), Martin Product Sales LLC (asphalt products and pavement solutions), Martin Crude Marketing Co. (crude oil marketing), ALTEC Environmental Consulting (environmental consulting and industrial services), and Cross Oil Refining & Marketing, Inc. (oil refining). The company employs over 1,500 people across its various business units.

Product and service6 records
1Martin Energy Services LLC
CategoryEnergy distribution and terminal services
Description

Full-service terminal operations delivering high-quality fuels and lubricants, marine fuels, and marine lubricants and specialty products to commercial and industrial customers.

2Martin Product Sales LLC
CategoryAsphalt and pavement products
Description

Asphalt products and pavement solutions covering pavement preservation, pavement construction, recycling and rehabilitation, and special applications for construction and infrastructure customers.

3Martin Crude Marketing Co.
CategoryCrude oil marketing and trading
Description

Crude oil marketing and trading and distribution services for oil and gas producers and energy counterparties.

4ALTEC Environmental Consulting
CategoryEnvironmental consulting and industrial services
Description

Environmental consulting services including asbestos and lead services, computer aided drafting, engineering, environmental assessments, industrial hygiene, mechanical integrity, oil and gas consulting, and training programs (asbestos and lead training).

5Cross Oil Refining & Marketing, Inc.
CategoryOil refining and marketing
Description

Oil refining and marketing operations producing and selling refined petroleum products to commercial and industrial customers.

6EZ-7 Crack Sealant
CategoryAsphalt specialty products
Description

Specialized crack sealant product for pavement maintenance applications, sold as part of the Martin Product Sales LLC / Martin Asphalt Company specialty applications line.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierMinorTypeOthers
Description

Martin Midstream Partners L.P. is referenced as a separate publicly traded entity (traded on NASDAQ under symbol MMLP) that is related to Martin Resource Management. The company website includes links directing visitors to the Martin Midstream Partners website (mmlp.com, martinmidstream.com). The relationship appears to be that of affiliated companies under common ownership or control rather than a formal partnership agreement.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Privately held U.S. supplier of commercial and industrial fuels, lubricants, and related services. Comparable mid-market fuel distribution platform with similar B2B GTM.

TypeBroad incumbent
Description

One of the largest U.S. refiners and midstream operators. Overlaps with Martin Resource Management's refining, crude marketing, and product distribution activities as a broad incumbent.

TypeDirect peer
Description

Major U.S. producer and marketer of asphalt products, emulsions, and pavement preservation materials. Directly comparable to Martin Product Sales LLC's asphalt business.

TypeBroad incumbent
Description

Large U.S. petroleum refiner and marketer with branded fuel and wholesale distribution. Comparable to Cross Oil Refining & Marketing's refining business at much larger scale.

TypeDirect peer
Description

Global marketer and distributor of marine, aviation, and land fuel products plus lubricants. Direct overlap with Martin Energy Services' marine fuels and specialty lubricants business.

TypeBroad incumbent
Description

Major North American energy infrastructure operator with terminals, pipelines, and product distribution. Comparable midstream/downstream footprint relevant to Martin Resource Management's terminal-based fuel distribution model.

TypeBroad incumbent
Description

Large U.S. operator of travel centers and fuel distribution serving commercial fleets, comparable to Martin Resource Management's commercial and industrial fuel customer base at much greater scale.

TypeEmerging player
Description

Independent operator of fuel and lubricant terminals across the U.S. Similar terminal-services business model to Martin Energy Services' full-service terminals, though smaller in scope.

TypeDirect peer
Description

Wholesale and retail fuel distributor with commercial accounts across the U.S. Overlaps with Martin Energy Services' commercial fuel distribution to fleets and industrial customers.

TypeDirect peer
Description

Publicly traded MLP (NASDAQ: MMLP) affiliated with Martin Resource Management, operating midstream terminalling, storage, and product distribution for petroleum products and by-products. Highly comparable in fuel/lubricant distribution and terminal services.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries5 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Martin Resource Management

Energy and Petroleum Servicesmartin-gas.com

Martin Resource Management is a privately held Texas-based holding company operating five subsidiaries across fuel terminals, asphalt products, crude marketing, oil refining, and environmental consulting, serving B2B industrial customers in maritime, oil and gas, construction, and manufacturing sectors with over 1,500 employees.

What Martin Resource Management does

Martin Resource Management (d/b/a "Martin Companies") is a privately held diversified energy and environmental services holding company headquartered in Kilgore, Texas, founded in 1981 and operating through a portfolio of wholly owned subsidiaries. The company employs more than 1,500 people across its subsidiaries and is affiliated with the publicly traded Martin Midstream Partners L.P. (NASDAQ: MMLP), with cross-linked corporate websites indicating a sustained structural relationship. There is no public ownership disclosure of private equity, institutional, or family-office backing beyond the MMLP affiliation.

The company operates across five primary subsidiaries. Martin Energy Services LLC runs full-service terminals distributing high-quality fuels and lubricants, including marine fuels and specialty lubricants, to commercial and industrial customers. Martin Product Sales LLC, which houses the Martin Asphalt Company brand, supplies asphalt products and pavement solutions — pavement preservation, construction, recycling and rehabilitation, and special applications — and markets proprietary offerings such as EZ-7 Crack Sealant. Martin Crude Marketing Co. handles crude oil marketing and trading. Cross Oil Refining & Marketing, Inc. extends the platform upstream into oil refining. ALTEC Environmental Consulting delivers asbestos and lead services, engineering, environmental assessments, industrial hygiene, mechanical integrity, oil and gas consulting, computer-aided drafting, and training programs.

The business model is B2B and sales-led, with quote-based pricing disclosed only indirectly through commercial terms pages. Revenue streams span hardware product sales (fuels, lubricants, asphalt, refined products), transaction-fee-like economics on crude oil marketing, and professional services via ALTEC. Customer segments are horizontal across maritime, oil and gas, construction/road infrastructure, and industrial/manufacturing facilities, all served within the United States. No app, API, software platform, or AI/ML capability is disclosed, and pricing, ARR, revenue, funding, M&A dates, leadership rosters, regulatory actions, and certifications are not publicly available in the source material.

Martin Resource Management firmographics

Firmographics
Name
Martin Resource Management
Legal name
Martin Resource Management
Website
https://martin-gas.com
Company type
Private
Founded year
1981
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Martin Resource Management is a privately held Texas-based holding company operating five subsidiaries across fuel terminals, asphalt products, crude marketing, oil refining, and environmental consulting, serving B2B industrial customers in maritime, oil and gas, construction, and manufacturing sectors with over 1,500 employees.
Ownership category
akta.pro rank

Martin Resource Management industry classification

Industry
Product category
Energy and Petroleum Services
NAICS
Fuel Dealers (45721), Management, Scientific, and Technical Consulting Services (5416)
SIC
Petroleum Refining (2911), Crude Petroleum & Natural Gas (1311)
akta.pro primary industry
Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD)
akta.pro secondary industry
Marine Bunkering & Port Fuel Supply (EUALAIAG)

Keywords

  • Petroleum product distribution
  • Asphalt pavement products
  • Marine fuel supply
  • Crude oil marketing
  • Environmental consulting services

Where Martin Resource Management is headquartered

Location

Headquarters

HQ city
Kilgore
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Martin Resource Management business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

  1. Fuel and Lubricant Product Sales: Sale of high-quality fuels and lubricants through Martin Energy Services LLC terminal operations, including marine fuels and specialty lubricants for industrial customers.
  2. Asphalt Products: Sale of asphalt products for pavement construction, preservation, maintenance, recycling, and rehabilitation applications through Martin Product Sales LLC.
  3. Crude Oil Marketing: Crude oil marketing and trading operations through Martin Crude Marketing Co.
  4. Refined Oil Products: Refining and marketing of petroleum products through Cross Oil Refining & Marketing, Inc.
  5. Environmental Consulting Services: Environmental consulting services including asbestos and lead services, engineering, industrial hygiene, and training through ALTEC Environmental Consulting.

Go-to-market motion1 record

Distribution channels1 record

Martin Resource Management product offering

Product offering

Core offering

Martin Resource Management is a privately held energy services holding company that markets and distributes fuel oil, specialty lubricants, marine fuels, asphalt and pavement products, and refined petroleum products through five operating subsidiaries. It also provides crude oil marketing and trade services and offers environmental consulting, industrial hygiene, and engineering services to industrial customers in the energy, construction, maritime, and manufacturing sectors.

Product overview

Martin Resource Management operates as a diversified holding company with multiple subsidiary companies providing a range of energy and industrial services. The portfolio includes Martin Energy Services LLC (terminal services, fuels and lubricants, marine fuels), Martin Product Sales LLC (asphalt products and pavement solutions), Martin Crude Marketing Co. (crude oil marketing), ALTEC Environmental Consulting (environmental consulting and industrial services), and Cross Oil Refining & Marketing, Inc. (oil refining). The company employs over 1,500 people across its various business units.

Differentiator

Problem solved

Functional benefit

Brands

  • Martin Asphalt Company: Asphalt products for pavement construction, preservation, maintenance, and recycling under Martin Product Sales LLC
  • EZ-7 Crack Sealant

Products and services

  • Martin Energy Services LLC Full-service terminal operations delivering high-quality fuels and lubricants, marine fuels, and marine lubricants and specialty products to commercial and industrial customers.
  • Martin Product Sales LLC Asphalt products and pavement solutions covering pavement preservation, pavement construction, recycling and rehabilitation, and special applications for construction and infrastructure customers.
  • Martin Crude Marketing Co. Crude oil marketing and trading and distribution services for oil and gas producers and energy counterparties.
  • ALTEC Environmental Consulting Environmental consulting services including asbestos and lead services, computer aided drafting, engineering, environmental assessments, industrial hygiene, mechanical integrity, oil and gas consulting, and training programs (asbestos and lead training).
  • Cross Oil Refining & Marketing, Inc. Oil refining and marketing operations producing and selling refined petroleum products to commercial and industrial customers.
  • EZ-7 Crack Sealant Specialized crack sealant product for pavement maintenance applications, sold as part of the Martin Product Sales LLC / Martin Asphalt Company specialty applications line.

Companies that use Martin Resource Management

Customer profile

Segments4 records

Ideal customer profiles4 records

Martin Resource Management technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Martin Resource Management partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Martin Midstream Partners L.P. (MMLP)minorOthersMartin Midstream Partners L.P. is referenced as a separate publicly traded entity (traded on NASDAQ under symbol MMLP) that is related to Martin Resource Management. The company website includes links directing visitors to the Martin Midstream Partners website (mmlp.com, martinmidstream.com). The relationship appears to be that of affiliated companies under common ownership or control rather than a formal partnership agreement.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Martin Resource Management competitors and assessment

Company assessment

Direct peers

  • Mansfield Energy: Privately held U.S. supplier of commercial and industrial fuels, lubricants, and related services. Comparable mid-market fuel distribution platform with similar B2B GTM.
  • Ergon Asphalt & Emulsions: Major U.S. producer and marketer of asphalt products, emulsions, and pavement preservation materials. Directly comparable to Martin Product Sales LLC's asphalt business.
  • World Fuel Services: Global marketer and distributor of marine, aviation, and land fuel products plus lubricants. Direct overlap with Martin Energy Services' marine fuels and specialty lubricants business.
  • CrossAmerica Partners: Wholesale and retail fuel distributor with commercial accounts across the U.S. Overlaps with Martin Energy Services' commercial fuel distribution to fleets and industrial customers.
  • Martin Midstream Partners L.P. Publicly traded MLP (NASDAQ: MMLP) affiliated with Martin Resource Management, operating midstream terminalling, storage, and product distribution for petroleum products and by-products. Highly comparable in fuel/lubricant distribution and terminal services.

Broad incumbents

  • Marathon Petroleum: One of the largest U.S. refiners and midstream operators. Overlaps with Martin Resource Management's refining, crude marketing, and product distribution activities as a broad incumbent.
  • Valero Energy: Large U.S. petroleum refiner and marketer with branded fuel and wholesale distribution. Comparable to Cross Oil Refining & Marketing's refining business at much larger scale.
  • Kinder Morgan: Major North American energy infrastructure operator with terminals, pipelines, and product distribution. Comparable midstream/downstream footprint relevant to Martin Resource Management's terminal-based fuel distribution model.
  • Pilot Travel Centers: Large U.S. operator of travel centers and fuel distribution serving commercial fleets, comparable to Martin Resource Management's commercial and industrial fuel customer base at much greater scale.

Emerging players

  • BWC Terminals: Independent operator of fuel and lubricant terminals across the U.S. Similar terminal-services business model to Martin Energy Services' full-service terminals, though smaller in scope.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Martin Resource Management social profiles

Digital presence

Martin Resource Management financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Martin Resource Management leadership team

Management profile

Number of profiles

Martin Resource Management subsidiaries and ownership

Company hierarchy

Subsidiaries5 records

Martin Resource Management funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Martin Resource Management M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Martin Resource Management

What does Martin Resource Management do?

Martin Resource Management is a privately held energy services holding company that markets and distributes fuel oil, specialty lubricants, marine fuels, asphalt and pavement products, and refined petroleum products through five operating subsidiaries. It also provides crude oil marketing and trade services and offers environmental consulting, industrial hygiene, and engineering services to industrial customers in the energy, construction, maritime, and manufacturing sectors.

Is Martin Resource Management a public or private company?

Martin Resource Management is a private company. It is classified as family owned and is currently operating.

When was Martin Resource Management founded?

Martin Resource Management was founded in 1981. It employs 1,001 to 5,000 people.

Where is Martin Resource Management based?

Martin Resource Management is headquartered in Kilgore, United States, in the North America region.

How does Martin Resource Management make money?

Five revenue lines are on record. Fuel and Lubricant Product Sales are the primary driver. The others are asphalt Products, crude Oil Marketing, refined Oil Products and environmental Consulting Services.

Who are Martin Resource Management's main competitors?

Direct peers on record are Mansfield Energy, Ergon Asphalt & Emulsions, World Fuel Services, CrossAmerica Partners and Martin Midstream Partners L.P.. Broad incumbents are Marathon Petroleum, Valero Energy, Kinder Morgan and Pilot Travel Centers. BWC Terminals is listed as an emerging player.

Does Martin Resource Management have an API?

No public API is recorded for Martin Resource Management.

What industry is Martin Resource Management in?

Martin Resource Management's product category is Energy and Petroleum Services. Its primary akta.pro industry code is EUALAIAD, Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery), with a secondary code of EUALAIAG, Marine Bunkering & Port Fuel Supply. Its NAICS code is 45721 and its SIC code is 2911.

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Live signals
BenzingaApogee Enterprises, Smart Sand And 3 Stocks To Watch Heading Into Friday - Apogee Enterprises (NASDAQ:APOApogee Enterprises, Smart Sand, Lifecore Biomedical, and Martin Midstream Partners are among the key stocks scheduled for earnings releases or corporate actions this week. Smart Sand announced a special dividend and share buyback, while Martin Midstream Partners agreed to be acquired by Martin Resource Management, driving significant after-hours price movements.PR NewswireCopperbeck Energy Partners Announces Financial Commitment From Tailwater Capital And Closing Of Saconix LLC, A Joint Venture Formed In Partnership With Martin Resource Management CorporationCopperbeck Energy Partners LLC announced an equity commitment from Tailwater Capital LLC and closed on a 62.5% interest in Saconix LLC, a joint venture formed in partnership with Martin Resource Management Corporation. Saconix combines Martin Product Sales LLC's sulfuric acid business with new equity investment from Copperbeck, with MRMC retaining a 37.5% stake. The business will remain headquartered in Roswell, Georgia with all employees retained.GlobeNewswireMartin Resource Management Corporation Completes Purchase of Common Units From Martin Midstream Partners L.P.Martin Resource Management Corporation completed a $45 million purchase of common units from Martin Midstream Partners L.P., giving it a 19.7% indirect stake. The partnership used the proceeds to pay down debt and fund an acquisition of Cardinal Gas Storage Partners, scheduled to close in Q3.GlobeNewswireMartin Resource Management Corporation and The Brimrock Group, Inc. Announce Engineering Service Agreement With Keyera Corp.Martin Resource Management's subsidiary Brimrock was designated as engineering management provider for Keyera's Strachan Gas Plant sulphur facility upgrade. Brimrock will supply its patented RS1500 sulphur forming technology and degassing technology. Once built, Keyera will own the most advanced sulphur forming and handling facility in Canada.GlobeNewswireMartin Resource Management Corporation and Martin Midstream Partners L.P. Announce Management ChangesMartin Resource Management Corporation and Martin Midstream Partners L.P. announced management changes effective November 9, 2012, with Donald R. Neumeyer retiring after 30 years and Douglas Towns appointed Vice President. Towns brings over 15 years of experience in the lubricants business, including a prior role at Koch Sulfur Products.GlobeNewswireMartin Midstream Partners L.P. and Martin Resource Management Corporation Announce Formation of Natural Gas Storage Joint VentureMartin Midstream Partners and Martin Resource Management formed Redbird Gas Storage LLC, investing about $59.3 million in Cardinal Gas Storage Partners. The investment gives MMLP a stake in Monroe Gas Storage, a 12 Bcf natural gas storage facility in Mississippi, with potential expansion to 14 Bcf. MMLP expects $6–7 million in annual cash distributions.GlobeNewswireMartin Resource Management Corporation and Martin Midstream Partners L.P. Announce Management ChangesMartin Resource Management and Martin Midstream announced management changes effective May 2, 2011, including Donald Neumeyer's promotion to Cross Oil President and Randall Tauscher's promotion to COO. Scot Shoup joined as Senior Vice President of Operations, and other senior roles were filled with internal promotions.GlobeNewswireMartin Midstream Partners Reports 2009 Third Quarter Financial Results and Announces Asset Contribution and Equity Investment from Martin Resource Management CorporationMartin Midstream Partners reported Q3 2009 net income of $4.5 million, down from $13.8 million in 2008, with revenues of $151.4 million versus $364.4 million. The company also agreed to acquire specialty lubricant assets from Martin Resource Management for $45 million in units and a $20 million cash investment.