FOR IMMEDIATE RELEASE
Feb 22, 2012
For More Information,
Contact: Lauren Christ
Pilot Flying J To Acquire Western Petroleum
KNOXVILLE, TN & VERNAL, UTAH - Pilot Flying J (www.pilotflyingj.com) and Western Petroleum LLC (formally Western Petroleum, Inc.) (www.westernpetroleum.net) today announced that Western Petroleum LLC has agreed to be acquired by Pilot Flying J.
Western Petroleum is a market leader in selling and transporting approximately 200 million gallons of fuel and lubricants to the oil and gas drilling and hydraulic fracturing industries. Western Petroleum’s operations are largely targeted toward the Rocky Mountain states, the southern states and the northern plains. The company has enjoyed rapid growth in servicing the petroleum and natural gas drilling related channel in line with explosion of activity in that industry.
“The acquisition of Western Petroleum’s operations and employing Western Petroleum’s talented work force is a significant complement to an important aspect of our growth strategy. Western Petroleum’s exceptional service mentality has earned a place as a key vendor to some major petroleum and natural gas drilling companies. The company has positioned itself for growth in many of the key geographic regions where hydraulic fracturing and hydrocarbon drilling activities are escalating. Pilot Flying J recognizes the energy services channel as a way to diversify its business while participating in a growth industry,” said Pilot Flying J President and CEO Jimmy Haslam. “Pilot Flying J’s core operational competencies should be an immediate enhancement to Western Petroleum’s growth strategy and financial performance.”
Perry Taylor, Western Petroleum’s President and Chief Executive Officer, said “we are extremely excited to become a part of the Pilot Flying J team. They have an excellent reputation in the travel plaza and travel center business. Their expertise in petroleum transportation and fuel acquisition will allow Western Petroleum to increase its ability to service its existing customers, and quickly and efficiently enter new markets.”
“Perry and his team have demonstrated a high commitment to service and safety in the energy services industry. Those qualities were critical as we evaluated this acquisition,” Haslam said.
Western Petroleum LLC will operate as a division of Pilot Flying J and will continue to run under the same leadership with Perry Taylor, as President & CEO, Samuel Taylor as Chief Sales & Marketing Officer, and Janis Kline as Chief Financial Officer.
About Pilot Flying J
Pilot Flying J, the largest operator of travel centers and travel plazas inNorth America, is committed to making life better for professional drivers.Headquartered in Knoxville, Tenn., Pilot Flying J has more than 650 retail locations. The Pilot Flying J network provides drivers with access to more than 65,000 parking spaces for trucks, 4,400 showers and 4,000 diesel lanes, with more than 3,900 offering DEF at the pump. Pilot Flying J subsidiary Pilot Logistics Services is one of the fastest growing independent energy logistics companies in North America. Together, Pilot Flying J and Pilot Logistic Services employ more than 24,000 people. Pilot Flying J is currently ranked No. 7 on Forbes' list of America's Largest Private Companies. Visit www.pilotflyingj.com for more information.
About Western Petroleum, Inc.
Founded in 1952 and based in Vernal, UT, Western Petroleum, Inc. transports and delivers fuels, lubes, industrial oils, provides both on-site and card lock fueling services, with its 500 plus employees, to hydrocarbon drilling and fracturing companies, construction companies, mining companies, and farms in the Rocky Mountains, the Northern Plains, Texas, Oklahoma, Louisiana and Pennsylvania.
Western Petroleum is committed to safely delivering products on time and building enduring relationships with customers. Western employs a highly experienced team of drivers. Western Petroleum proudly distributes Chevron, Sinclair, and Conoco products.
Visit www.westernpetroleum.net for more information.