Reynolds Oil named 2018 Business of the Year by Grow Wabash County
J.M. Reynolds Oil Co. will be honored as the Business of the Year during the 2018 Grow Wabash County Celebration Dinner on Thursday, Oct 11, 2018, at the Honeywell Center.
James McCloud Reynolds, founder of J.M. Reynolds Oil Company, Inc. began his endeavor in 1946 after serving in World War II. As a Standard Oil agent, Reynolds delivered fuel oil and gasoline to the local community of Wabash County for 38 years.
His fuel business was expanded with the addition of several fuel delivery agents. In October 1975, Reynolds purchased the company from Standard Oil, incorporated J.M. Reynolds Oil Company, and integrated his sons Ron and Randy into the company. This second generation of J.M. Reynolds Oil Company grew and expanded the existing fuel business with the addition of propane, retail gasoline, retail diesel fuel, and lubricants. Between 1978 and 1979, Reynolds hired Sam Hipskind, Steve Rice, and Don Dunphy. The significance of these hires was unknown at the time, but almost 40 years later their contributions to the growth of J.M. Reynolds Oil Company are undeniable.
The trio has almost 100-plus years of service with J.M. Reynolds Oil Company. Upon the announced retirement of Jim Reynolds in 1983, Ron Reynolds was named President of the organization. In January 1997, the third generation of J.M. Reynolds Oil Company grabbed the reigns with the addition of Ron’s sons Chris and Jim Reynolds. They continued to expand the footprint of the fuels, propane, and lubricants business into the surrounding states of Indiana with the help of J.M. Reynolds Oil Company’s tremendous team of employees.
Following in the footsteps of his father, Ron announced his retirement in July 2005 and promoted his son Jim Reynolds, a 1993 graduate of Butler University, to President of J.M. Reynolds Oil Company, a position which he still holds today.
In July 2010, a fourth generation of the family added its expertise with the addition of Ron’s grandson, Dylan Reynolds. A Purdue graduate in accounting, Dylan has been influential in automating and streamlining the organization’s financial and operational systems. Dylan was promoted from controller to general manager in September 2017.
Throughout the four generations of J.M. Reynolds Oil Company, none of this growth and prosperity would have been possible without the hard work and dedication of all its employees. The delivery agents, salespeople, and office staff are the core of the company’s foundation and ultimately deliver its success.
In addition to recognizing the Business of the Year, GWC is honored to name the Wabash County Distinguished Citizen and Volunteer of the Year.
The event will be held Thursday Oct. 11 at the Honeywell Center. Cocktail hour will begin at 5:30 p.m. with dinner and awards immediately at 6:30 p.m. Tickets are $50 and sponsorships are still available.