“I am looking forward to increasing our participation in the fuel and lubricant distribution industry serving commercial and industrial customers,” says Pilot CEO.
Pilot Flying J closed its acquisition of a controlling interest in Maxum Petroleum for cash, and its contribution of Western Petroleum LLC into Maxum.
Maxum will continue to operate as an independent stand-alone business.
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. Its 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.
“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,” said Jimmy Haslam, president and CEO of Pilot. “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.”
“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,” said E. Perot Bissell, CEO of Maxum. “The addition of Western Petroleum’s management team and portfolio of assets strengthens our platform and will create new opportunities to serve our industry.”