Pilot Flying J, Metalmark Capital, Waud Capital Partners and Maxum Petroleum announced Pilot Flying J plans to acquire a controlling interest in Maxum for cash and Pilot Flying J’s contribution of Western Petroleum into Maxum.
Maxum is one of the largest independent energy logistics companies in North America, selling and distributing more than 1.3 billion gallons of refined petroleum products and serving more than 15,000 customers. Maxum’s services also include a comprehensive offering of fuel and lubricants, as well as logistics and energy management services.
“The acquisition of Maxum offers us an excellent growth opportunity, and we are very excited to increase our participation in this industry,” said Jimmy Haslam, president and CEO. “Maxum’s management team and talented workforce have demonstrated value to their customers and suppliers.”
Perot Bissell, Maxum Petroleum CEO, said his company is glad to have Pilot Flying J as a partner.
Pilot Flying J is headquartered in Knoxville, Tenn., and operates more than 600 retail locations across North America.