The merger looks to combine the best of both companies to create a stronger organization and enable it to improve and expand services to customers.
Pilot Logistics Services and Thomas Petroleum have reached an agreement to combine their energy services companies to form a premier provider of fuel solutions to the North American energy, mining and marine industries.
The transaction was cleared through the standard government review process and is expected to close in the next few weeks.
The two companies have historic legacies. This merger will bring together the best of both companies to create a stronger organization and enable it to improve and expand services to customers; exceed industry and customer safety expectations; invest in innovative products and technology to enhance the operating efficiency of the business and the overall industry; and provide additional opportunities for its team members.
Key executives from both companies will lead the combined organization, positioning the company to attract, develop and retain top talent and therefore continue to outperform competition and generate significant shareholder value.
“The merger of Pilot Logistics Services and Thomas Petroleum is exciting for the industry,” said Scott Prince, CEO of Pilot Logistics Services. “Our goal, as always, is to provide our customers with exceptional service at competitive prices. The combined business will enable us to accelerate investment in innovative programs, products and technology to improve safety and operating performance for all of our partners.”
Pilot Logistics Services and Thomas Petroleum will continue to operate separate and independent companies until the merged business is officially combined.
