Crowley Fuels has made a strategic decision to exit the Juneau and Ketchikan markets. Petro Marine Services, a subsidiary of Petro 49, Inc., has reached an agreement to acquire Crowley Fuels’ businesses in Juneau and Ketchikan, Alaska. The sale is expected to close in mid-February. This agreement 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, all Crowley Fuels employees will have the opportunity to join 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,” said Kurt Lindsey, President & CEO of Petro 49, Inc. “We are prepared 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,” stated Rick Meidel, vice president and general manager, Crowley Fuels.
As the acquisition progresses towards closing, Crowley Fuels is working with Petro Marine Services to coordinate a seamless transfer of fuel operations and inventories in order to ensure a smooth transition and uninterrupted supply to support customers in both communities. Customers will be contacted very soon and will be provided with additional detailed information regarding this transition.
About Petro Marine Services: Petro Marine Services is one of the largest distributors of fuels and lubricants in Southeast and Southcentral Alaska. Together with its sister company, Shoreside Petroleum, Petro Marine Services is committed to providing “Fine Fuels, Super Service and Quality Lubricants” to Alaska and Alaskans. Learn more at www.petromarineservices.com and www.shoresidepetroleum.com.