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7/24/2012 8:10:00 AM Write a Letter to the Editor Write a letter to the Editor

Pilot Flying J to Acquire Controlling Stake in Maxum Petroleum

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.

By Transport Topics

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