Formed in 2005, The Sol Group is a prominent petroleum company
The Sol Group was formed through the acquisition of Shell’s business in the Eastern Caribbean, Guyana, Suriname and Belize.
Sol acquired Shell’s business in Puerto Rico in 2006.
Sol continued on a path of continuous growth through its further purchase of Exxon’s assets in Suriname and Guyana in 2007. Just three months later, Sol also purchased Exxon’s assets in the Republic of Haiti, adding yet another diverse market to its existing portfolio.
In September 2009, Sol made a confident but very characteristic move and acquired Shell’s Aviation business in the Eastern Caribbean. This move cemented Sol’s presence as an energy leader in the Caribbean and as a vital player in the region’s economy.
2009 led to another cornerstone investment in Sol’s portfolio. In November of that year, Sol signed a sales agreement to acquire Shell’s retail, commercial and aviation businesses in the Dominican Republic.
In summer of 2009, Sol launched its first Sol branded site in Haiti. The Sol brand since its first introduction has been installed across several retail, aviation and commercial sites across the Caribbean.
On May 13, 2011, Sol acquired Shell’s business in Dominican Republic, adding the 17th pillar to Sol’s portfolio across the region.
On July 18th The Sol Group officially welcomed SOL GUYANE FRANçAISE (SGF) to its Group of Companies.
French Guiana is the 18th pillar in Sol’s portfolio and this move extends the company’s presence within the North Eastern region of South America, alongside neighbours Suriname and Guyana.
The Sol Group continued to expand with an official announcement in June 2013 that Sol was appointed as the macro distributor of Shell’s world-class lubricants in Jamaica. Trading as SOL PETROLEUM JAMAICA LIMITED this venture further improves Sol’s position as the largest MD of Shell lubricants in the Caribbean, and promotes Sol to a position amongst the top MD’s in the world.
On January 1st, 2014 Sol purchased ExxonMobil’s assets in the Bahamas, Barbados, Bermuda, Dominican Republic and Grand Cayman. This pivotal move extended Sol’s reach even further across the region and will see the continuous use of the product portfolio associated with the Esso retail offering.
In May of 2014, Sol recorded another significant development in the company’s expansion, closing off its Share Purchase Agreement with ExxonMobil and affiliates, by completing the purchase of the businesses in Guadeloupe and Martinique.