KNOXVILLE, Tenn. & GREENWICH, Conn.--(BUSINESS WIRE)--Pilot Flying J (“Pilot”) and Maxum Petroleum (“Maxum”) are pleased to announce the closing of the acquisition of a controlling interest in Maxum by Pilot for cash and Pilot’s contribution of Western Petroleum LLC into Maxum.
Maxum is one of the largest independent energy logistics companies in North America, selling and distributing over 1.3 billion gallons of refined petroleum products and serving over 15,000 customers. Maxum’s services include a comprehensive offering of fuel and lubricants as well as a wide array of value-added logistics and energy management services to a diverse industrial customer base. Maxum is well positioned to continue to grow by capitalizing on its procurement and logistics expertise, strong refiner relationships, broad distribution platform, enterprise-wide information technology systems, suite of complementary and value-added services and experienced management team. Maxum will continue to operate as an independent stand-alone business.
Jimmy Haslam, President and CEO of Pilot, added, “I am pleased to welcome Maxum Petroleum into the Pilot Flying J family, and I am looking forward to increasing our participation in the fuel and lubricant distribution industry serving commercial and industrial customers. Maxum’s management team and talented workforce have demonstrated commitment and leadership in executing their business plan and delivering value to their customers and suppliers.”
E. Perot Bissell, CEO of Maxum, commented, “We are excited to partner with Pilot Flying J as our principal investor and look forward to working with Jimmy and his team to find new ways to enhance Maxum’s offerings. The addition of Western Petroleum’s management team and portfolio of assets strengthens our platform and will create new opportunities to serve our industry.”
About Pilot Flying J
Pilot Flying J is committed to making life better for America’s drivers. Headquartered in Knoxville, Tennessee, Pilot Flying J has over 600 retail locations across North America. The Pilot Flying J network provides customers with access to over 60,000 parking spaces for trucks, over 4,400 showers and over 4,000 diesel lanes, of which over 2,000 offer DEF at the pump. The company employs over 21,000 people and is the largest operator of travel centers and travel plazas in North America. Visit www.pilotflyingj.com for more information.
About Maxum Petroleum
Maxum Petroleum, Inc., based in Greenwich, CT, is a leading independent energy logistics company that markets and distributes a comprehensive offering of refined petroleum products and services to commercial and industrial customers in the United States and Panama. Launched in 2004, Maxum Petroleum is continuing a strategic growth and acquisition plan in the fragmented commercial fuel and lubricant distribution industry, and has completed 16 acquisitions to date. For more information, please visit www.maxumpetroleum.com.