United petroleum transports

Florida Rock. Patriot shareholders approved the transaction at a special meeting of shareholders on December 19, UPT and Patriot finalized the transaction today.

Forgot password? Don't have an account? Sign Up! Already have an account? The acquisition of Patriot Transportation Holding, Inc.

United petroleum transports

The acquisition marks a milestone for UPT, furthering its goal to become a top five bulk tank carrier by revenue, the company said in a release. We are excited about what we can offer our current and future customers by utilizing both brands from Arizona to Florida. The transaction is expected to be finalized in early Patriot will transition from a publicly traded company to a privately held entity. Florida Rock will retain its name. Share this! LMI Finishing Inc. The owner of an Oklahoma barbecue company that landed a sweetheart deal to build restaurants at several state [ Known to friends and colleagues as Bob, Ravitz, 71, was also an adjunct professor at the Oklahoma Ci[ State Sen. Jessica Garvin, R—Duncan, has filed legislation to increase the state penalty for carry[ The owner of an Oklahoma barbecue company that landed a sweetheart deal to build restaurants at seve[ Skip to content. Listen to this article.

Email address, united petroleum transports. But opting out of some of these cookies may have an effect on your browsing experience. Headquartered in Oklahoma City, UPT is a leader in the tank truck industry, with a professional driver base of more than professional drivers who safely and dependably serve UPT customers across the USA and Canada.

We work tirelessly not only to be awarded the opportunity to serve the needs of our customers, but once awarded, immediately begin the process of building and growing mutually beneficial relationships and partnerships in the quest to meet and exceed all expectations. Our approach is always about providing solutions; understanding and knowing the needs of our customers and then executing on our service. We utilize the best technology available in the industry to enhance our offerings and further differentiate ourselves from the competition. UPT is proud to be considered Best in Class amongst peers in a highly competitive industry, and we have been fortunate to receive countless safety awards from customers and industry associations throughout the years. All UPT equipment is built with safety in mind and have the highest standards in the industry. Our equipment is designed for protecting and transporting your specialized products. UPT recruits and employs only experienced, trained professional drivers.

We work tirelessly not only to be awarded the opportunity to serve the needs of our customers, but once awarded, immediately begin the process of building and growing mutually beneficial relationships and partnerships in the quest to meet and exceed all expectations. Our approach is always about providing solutions; understanding and knowing the needs of our customers and then executing on our service. We utilize the best technology available in the industry to enhance our offerings and further differentiate ourselves from the competition. UPT is proud to be considered Best in Class amongst peers in a highly competitive industry, and we have been fortunate to receive countless safety awards from customers and industry associations throughout the years. All UPT equipment is built with safety in mind and have the highest standards in the industry. Our equipment is designed for protecting and transporting your specialized products. UPT recruits and employs only experienced, trained professional drivers. Our fleet of over six hundred professional drivers is a mix of company employees and independent contractors, all of which must continually meet and exceed rigorous safety standards. Smart, efficient tools help us make our commitment to seamless deliveries a reality.

United petroleum transports

Upon completion of the transaction, the combined company will have over 1, drivers servicing markets from Arizona to Florida covering 11 states with over 30 terminals. The companies have strong market brands and operate with a similar culture focused on safety and quality customer service. UPT will utilize the combined company strength, the high-quality employees and large regional and national customer base to strategically grow the business. Florida Rock serves the southeastern United States as a premier bulk tank carrier specializing in hauling primarily petroleum-related products and other liquid and dry bulk commodities. One of the largest regional tank truck carriers in North America, Florida Rock operates in Florida, Georgia, Alabama, and Tennessee with 17 terminals and six satellite locations. We are pleased to welcome one of the leading bulk and tank trucking providers to UPT's family. Together we will enhance our shared value proposition and invest in exciting growth opportunities providing transportation solutions for new and existing customers. Tom Baker, Patriot's Chairman of the Board said, "We have operated this business for many years, and we appreciate that the quality of the organization is being recognized by UPT. We appreciate the support of our shareholders and believe this transaction rewards them for their unwavering support. I believe the combined strength of the management teams will allow us to execute a strategic plan for growth beyond our current footprint.

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Breaking News: US economy adds , jobs in February, topping expectations. The handling of these legal aspects can significantly impact the success of the merger and the realization of its projected synergies. Skip to main content. The acquisition process, which concluded with shareholder approval and the subsequent delisting of Patriot from the NASDAQ Global Select Market, indicates a smooth transition from a legal standpoint. Privacy Policy. A large portion of Florida Rock's business consists of hauling liquid petroleum products mostly gas and diesel fuel from large scale fuel storage facilities to the customers' retail outlets e. The joining of both companies will also result in enhanced services for current and new customers while continuing UPT's motto of "Seamless delivery…every time. Florida Rock also hauls dry bulk commodities such as cement, lime and various industrial powder products, water and liquid chemicals. Please try again and if the problem persist, Email Us to receive support. Crude Oil Country US. Website Link. Known to friends and colleagues as Bob, Ravitz, 71, was also an adjunct professor at the Oklahoma Ci[ Necessary cookies are absolutely essential for the website to function properly. The valuation of this deal warrants attention, as it reflects the current market conditions and the perceived value of Patriot's assets and customer base.

Upon completion of the transaction, the combined company will have more than 1, drivers servicing markets from Arizona to Florida, covering 11 states and more than 30 terminals. Florida Rock transports petroleum and other liquids and dry bulk commodities.

If you do not receive the email, please check your spam folder or contact us for assistance. Necessary Necessary. Necessary cookies are absolutely essential for the website to function properly. Headquartered in Oklahoma City, UPT is a leader in the tank truck industry, with a professional driver base of more than professional drivers who safely and dependably serve UPT customers across the USA and Canada. UPT and Patriot finalized the transaction today. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The transaction also suggests an immediate increase in UPT's revenue, positioning it as a top ten bulk tank carrier by revenue. Email address. But opting out of some of these cookies may have an effect on your browsing experience. Forgot Password Please enter your email address An email has been sent to your address with instructions for changing your password. The combination of these companies creates a top ten bulk tank carrier by revenue, with operations stretching from Arizona to Florida and over 1, professional drivers and 30 terminals.