Petro Marine Services Acquires Crowley Fuels’ Southeast Alaska Fuel Terminals
Petro 49, dba Petro Marine Services, has acquired Crowley Fuels’ businesses in Juneau and Ketchikan.
The purchase provides value not only to the companies but to consumers who rely on delivery of high-quality fuels, lubricants, equipment, and services in both communities. Additionally, Petro Marine is pleased to welcome Crowley Fuels’ employees to the Petro Marine team.
Petro Marine is a family-owned Alaskan business, serving Alaskans since 1959. “Our passion is to serve with excellence and bring value to our customers, as well as the communities in which we live and work,” says Kurt Lindsey, President and CEO of Petro 49.
“We are well-positioned to expand our product and service offerings to new residential and commercial customers in Southeast Alaska, as we have well-established supply and distribution channels across the region. Our neighbors who were formerly Crowley customers can count on our team members to serve them safely and dependably.”
“Crowley Fuels’ agreement with Petro Marine Services meets the strategic plans and long-term objectives of both companies. Most importantly, Alaskans will continue to receive high-quality fuel services for their homes and businesses in Juneau and Ketchikan,” states Rick Meidel, vice president and general manager of Crowley Fuels.
The sale closed March 1. Crowley Fuels continues to work with Petro Marine Services to coordinate a seamless transfer of fuel operations and inventories to help ensure a smooth transition and uninterrupted supply to support customers in both communities.
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The Corporate 100
Alaska Business has been celebrating the corporations that have a significant impact on Alaska’s economy since 1993. At the time, the corporations weren’t ranked as the list didn’t have specific ranking criteria. Instead, the Alaska Business editorial team held long, detailed, and occasionally passionate discussions about which organizations around the state were providing jobs, owned or leased property, used local vendors, demonstrated a high level of community engagement, and in general enriched Alaska.