Pilot Flying J announced it will acquire a controlling stake in Maxum Petroleum. Terms were not disclosed.
Maxum is an independent energy logistics company that sells and distributes refined petroleum.
Under the agreement Maxum will remain a stand-alone business under the current CEO,Perot Bissel, according to Pilot.
Formed in 2004, Maxum has acquired 16 fuel and lubricant distribution companies, and under the new agreement with Flying J will get Western Petroleum LLC in addition to cash.
Western Petroleum was purchased in February by Pilot.