American Trading and Production Corporation

Anne Shelton serves as Chief Investment Officer, overseeing the multi-asset-class portfolio. Kevin McAndrews is President of the corporation and manages overall corporate operations. Daniel B. Hirschhorn, a grandson of founder Jacob Blaustein, chairs Atapco Properties, the firm's real estate operating entity.

Atapco Properties operates through joint ventures with established regional developers rather than building an in-house development team. Confirmed partners include MCB Real Estate on the Reservoir Square mixed-use project in Baltimore and Faison Enterprises on the Clemson Corner retail project in Frederick, Maryland. This co-investor model allows Atapco to deploy capital into ground-up development while relying on operating partners for day-to-day project execution.

Atapco was founded with wealth generated by Louis and Jacob Blaustein, who built the American Oil Company (Amoco) before it was acquired by Standard Oil of Indiana. Today the firm retains a legacy portfolio of oil and gas mineral leases across the United States, generating royalty income. This is a passive interest — the firm does not operate wells or engage in exploration.

No. American Trading and Production Corporation operates as a closed single-family office and holding company exclusively for the Blaustein family and its descendants. It does not accept external investors, raise third-party funds, or provide wealth management services to other families.

Philanthropy is conducted through separate legal foundations — including the Jacob and Hilda Blaustein Foundation, the Morton K. and Jane Blaustein Foundation, the David and Barbara B. Hirschhorn Foundation, and the Elizabeth B. and Arthur E. Roswell Foundation. These are independently governed entities, distinct from Atapco's investment and operating activities, though they share common family trustees.

Atapco behaves more like a private holding company than a fund with defined exit timelines. The firm has held the Blaustein Building in downtown Baltimore and other commercial assets for decades, and its oil and gas royalty interests span multiple generations. Without external LP pressure for distributions, the firm can hold assets across market cycles.

The Blaustein family fortune originated from the American Oil Company (Amoco), which Louis Blaustein and his son Jacob built from a kerosene distribution business starting in 1910. Amoco grew into one of the largest oil refining and marketing companies in the United States before its eventual merger into BP. The family's proceeds from that enterprise were formalized into American Trading and Production Corporation in 1931.