Pilot Thomas Logistics Completes Purchase and Integration of Cactus Fuel, LLC Assets

Source Press Release
Company Pilot Thomas Logistics LLCHastings Equity Partners, LLC 
Tags Corporate Deals, Deals, Refining & Marketing Activities
Date March 31, 2019

Pilot Thomas Logistics LLC (PTL) successfully completed the strategic acquisition and integration of the assets of Cactus Fuel, LLC’s fuel, lubricants, chemicals, and petroleum services located in the Permian Basin. PTL welcomes the Cactus team members to the PTL platform. With the acquisition, PTL expands and enhances its existing operational presence in the Permian Basin and across the entire West Texas and New Mexico areas.

The entire Cactus Fuel organization has built a loyal team member and customer base with customer centric operations. With the retention of Cactus Fuel’s team members and management, the transition for team members, customers and vendors will be seamless. Cactus CEO, Jimmy Tindol, and PTL CEO, Dennis Cassidy, jointly noted “…we are excited to combine the team members and assets of these two industry innovators to provide customers in the Permian Basin with an industry leading Safety First, Last, and Always service and product offering via dedicated and professional team members which is unmatched in the region and the petroleum distribution industry….”

PTL, with this additional capability, is excited to expand its service footprint to the oil and gas, industrial and commercial customer base in the Permian Basin with high quality fuels, lubricants, chemicals and petroleum services. PTL will maintain Cactus’ existing Midland Terminal as it strategically complements PTL’s existing footprint of facilities throughout the Permian Basin. The combined PTL platform provides customers with unparalleled support from, and access to, the leading fuel, lubricants, chemicals and petroleum distribution service platform in the industry. PTL is excited to expand the power and strength of the PTL platform in the Permian Basin and looks forward to serving existing customers and welcoming new customers into the PTL organization.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd