Aloha Petroleum

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Aloha Petroleum is a company that owns numerous convenience stores (Island Mini Mart) and gas stations (Aloha Quality Gas) in Hawaii, many of which are operated by independent convenience store owners such as 7_Eleven. The company also has Federal, State, City and County Contracts and supplies gasoline to other convenience stores and gas stations not branded as Aloha Gas or Island Mini Mart, such as Costco. Aloha Petroleum Ltd. also owns the Mahalo branded gas stations.

Aloha was part of a controversial deal in which Harken Energy sold the company to a group of investors which included two of Harken's own board members, turning Harken's equity stake in Aloha into a loan, and thereby disguising most of their 1989 losses. This technique of inflating profits was used more famously by Enron -- in fact the same accounting firm (Arthur Andersen) was responsible for the Aloha Petroleum deal.

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