United petroleum transports

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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.

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. Florida Rock will retain its operating footprint and continue to operate under its historical brand. Since the initial announcement, Florida Rock's team has effectively collaborated with UPT in planning to enhance operational outcomes with a shared goal of increasing profitability and service to customers. 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. 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. 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. Patriot conducts business through its wholly owned subsidiary, Florida Rock. Florida Rock transports petroleum and other liquids and dry bulk commodities. 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. Florida Rock also hauls dry bulk commodities such as cement, lime and various industrial powder products, water and liquid chemicals. Florida Rock currently operates 19 terminals in addition to numerous truck domicile locations throughout the Southeast.

The expanded geographic reach from Arizona to Florida and the increase to over 1, professional drivers and 30 terminals suggest enhanced logistical capabilities. Vix The joining of united petroleum transports companies will also result in enhanced services for current and new customers while continuing UPT's motto of "Seamless delivery…every time.

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.

Florida Rock. Patriot shareholders approved the transaction at a special meeting of shareholders on December 19, UPT and Patriot finalized the transaction today. Florida Rock will retain its operating footprint and continue to operate under its historical brand. Since the initial announcement, Florida Rock's team has effectively collaborated with UPT in planning to enhance operational outcomes with a shared goal of increasing profitability and service to customers. 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. 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. 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. Patriot conducts business through its wholly owned subsidiary, Florida Rock.

United petroleum transports

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.

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Since the initial announcement, Florida Rock's team has effectively collaborated with UPT in planning to enhance operational outcomes with a shared goal of increasing profitability and service to customers. If you do not receive the email, please check your spam folder or contact us for assistance. Breaking News: US economy adds , jobs in February, topping expectations. 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. Sign Up To create a free account, please fill out the form below. The transaction also suggests an immediate increase in UPT's revenue, positioning it as a top ten bulk tank carrier by revenue. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. However, the transition of a publicly traded company to a private one involves complex regulatory and compliance issues that must be managed effectively to avoid potential legal pitfalls. The acquisition of Patriot Transportation Holding, Inc. LMI Finishing Inc. 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.

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.

Email address. Vix Please check your email and follow the instructions in the message to complete the registration process. Known to friends and colleagues as Bob, Ravitz, 71, was also an adjunct professor at the Oklahoma Ci[ The owner of an Oklahoma barbecue company that landed a sweetheart deal to build restaurants at several state [ We are excited about what we can offer our current and future customers by utilizing both brands from Arizona to Florida. Regulatory bodies will likely review the transaction to ensure that it does not result in unfair competitive advantages or create a monopoly in certain markets. Florida Rock also hauls dry bulk commodities such as cement, lime and various industrial powder products, water and liquid chemicals. The transition of Patriot from a publicly traded to a privately held entity also removes a market competitor, which could have regulatory implications and affect industry pricing dynamics. Patriot were involved in the acquisition. The merger between UPT and Patriot, including its subsidiary Florida Rock, signifies a notable shift in the competitive landscape of the bulk tank carrier industry. Trending News. The transaction also suggests an immediate increase in UPT's revenue, positioning it as a top ten bulk tank carrier by revenue. Breaking News: US economy adds , jobs in February, topping expectations.