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. Share this!

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. 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. We are committed to constantly reviewing and upgrading technology, in the trucks, on the trailers, and in our offices to ensure we are meeting and exceeding the needs of our customers in an always changing industry. Skip to main content.

From a financial perspective, the acquisition is likely to result in economies of scale, potentially lowering operational costs and increasing profitability.

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.

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.

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. 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.

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Non-necessary Non-necessary. Oklahoma aeronautical parts manufacturer faces allegations of 24 safety violations. All UPT equipment is built with safety in mind and have the highest standards in the industry. LMI Finishing Inc. Oklahoma City police chief to retire after 34 years. Necessary Necessary. Welcome to our platform! Florida Rock also hauls dry bulk commodities such as cement, lime and various industrial powder products, water and liquid chemicals. Additionally, as the combined entity now holds a more substantial market share, antitrust considerations may come into play. It is mandatory to procure user consent prior to running these cookies on your website. View the original press release on accesswire.

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. It also hauls dry bulk commodities such as cement, lime, and various industrial powder products, water, and liquid chemicals.

Smart, efficient tools help us make our commitment to seamless deliveries a reality. Our Customers. Nikkei 39, Bitcoin USD 67, 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. What companies were involved in the acquisition of Patriot Transportation Holding, Inc.? The owner of an Oklahoma barbecue company that landed a sweetheart deal to build restaurants at seve[ 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. UPT represents a significant consolidation within the transportation sector, specifically the bulk tank carrier industry. By retaining the Florida Rock brand, UPT demonstrates a strategic approach to leverage existing brand equity and customer loyalty, which can be advantageous in maintaining market share during the transition period. These cookies do not store any personal information. Login Please enter your login and password Wrong username or password. With one of the most modern tank fleets available in the industry, Florida Rock is composed of more than tractors and trailers. We also use third-party cookies that help us analyze and understand how you use this website. Sign Up!