KETCHIKAN (KDN) — Petro Marine Services will acquire Crowley Fuels LLC's businesses in Ketchikan and Juneau in mid-February, Crowley announced last week.
The move "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, the vice president and general manager of Crowley Fuels.
Crowley entered the Ketchikan market in 2013 when it purchased the Ketchikan-based Anderes Oil Co.
Petro Marine Services is a subsidiary of Petro 49 Inc., an Anchorage-based fuel supply company that got its start in Seward in 1936. Petro Marine Services has plant and marina facilities in Ketchikan, Sitka, Craig, Juneau, Petersburg, Wrangell and Skagway.
In a Monday press release, Petro Marine said it expects to complete the transfer by Feb. 17.
"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," Kurt Lindsey, the president and CEO of Petro 49, said in a prepared statement. "Our neighbors who were formerly Crowley customers can count on our team members to serve them safely and dependably."
Both companies stated that all Crowley Fuels employees will be able to continue their work at Petro Marine.
Crowley will continue to sell and deliver products until the acquisition is complete, and will continue to collect payments for all orders delivered by Crowley.