Fittipaldi acquires oil distributor
Fittipaldi Logistics Inc. of Boca Raton, Fla., said it has signed a definitive agreement to acquire State Petroleum Distributors Inc.
The company said State, a Pennsylvania-based company that distributes fuel to Fortune 500 companies and operates more than 70,000 combined trucks, has revenue of $170 million last year.
“This transaction has numerous synergies, one of which is the cross-marketing of our proprietary software solutions to State’s customer base which is currently being implemented,” said Frank Reilly, Fittipaldi’s chief executive officer.
Fittipaldi acquires oil distributor
