Solomon Signs Agreement with Concord Consulting Group

DALLAS – June 8, 2015 – HSB Solomon Associates, LLC (Solomon), the leading performance improvement company for the global energy industry, announced today that they have entered into an agreement with Concord Consulting Group (CCG). The agreement gives Solomon ownership of CCG’s methodology and database relating to their terminal and trucking business.

CCG is a consulting firm operating in the petroleum industry assessing the productivity of logistical operating units of over 30 major oil companies around the world. They have provided strategic benchmarking and logistics productivity analysis for more than 20 years. CCG is well known for its Petroleum Distribution Productivity Analysis (PDPA), an analysis of petroleum terminal and trucking operations.

“Adding CCG’s data and methodology to our already substantial database will help us improve upon a variety of services and studies to new and existing clients,” said Dale Emanuel, President and CEO of Solomon Associates. “Between meeting regulatory requirements and trying to control costs, staying ahead in both the pipeline and terminal markets can be a difficult task for clients. Improving upon our data will help us better serve them and ensure that they are able to gain a competitive edge while keeping costs under control.”

Solomon will continue to provide CCG clients with benchmarking services that they have grown accustomed to over the past 20 years.

“I will be working very closely with Solomon in the coming year to ensure the transition is seamless,” said Paul Mawn, Senior Vice President of Oil and Gas Practice for CCG. “We will continue to provide the reports my clients are accustomed to with the best service possible. I look forward to working with Solomon to grow the business and provide an even better product for our clients.”

The companies completed the transaction on May 7, 2015.