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Holly sold its exploration and production company in 1984 for $55.5 million in cash.
At the same time that it jettisoned its non-refinery operations in 1984, Holly became active in another refinery operation, the Montana Refining Company (MRC). Initially a partner in the MRC, Holly eventually purchased the entire operation.
But Holly also benefitted from the completion of a major $50 million expansion of its Navajo refinery from about 40,000 bpd to 60,000 bpd, which was completed in 1992.
Despite industry improvements and additional production capacity in 1992, Holly suffered its worst year in a decade from a profit standpoint.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Knapp Properties | - | $6.1M | 50 | 11 |
| Agree Realty | 1971 | $339.3M | 36 | - |
| EDM Real Estate | - | $190,000 | 6 | - |
| Goehrs Properties Inc | - | $680,000 | 50 | - |
| United Realty Group | 2002 | $92.0M | 3,000 | - |
| Cranberry Real Estate | - | $3.5M | 125 | 1 |
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Holly Management & Supply Corporation may also be known as or be related to Holly Management & Supply, Holly Management & Supply Corporation and Holly Management And Supply Corporation.