Just two days after Pilot won Federal Trade Commission approval to acquire rival Flying Jay on Wednesday, the company, now called Pilot Flying J, isn’t wasting anytime getting busy with acquisitions, divestments and restaurant plans. As of today, Pilot Flying J-an entity of more than 550 interstate travel centers and travel plazas in 43 states [...]
The Federal Trade Commission (FTC) yesterday gave final approval to Flying J to merge its travel plaza business with Pilot Travel Centers, Truckinginfo.com reported. The merger, effective July 1, is expected to help Flying J emerge from Chapter 11 bankruptcy protection and create an entity of more than 550 interstate travel centers and travel plazas [...]
Pilot Travel Centers and Flying J are planning to divest about 30 locations (10-15 of which are Pilot locations) to Love’s Travel Stops and Country Stores, for an estimated $3 million to $5 million per location, The Trucker reported. The move is an attempt by Pilot and Flying J to alleviate concerns the Federal Trade [...]
Ogden, Utah-based Flying J Inc., which filed for bankruptcy in December 2008, has filed a plan of reorganization through which it would repay all senior creditors by divesting most of its assets, including its travel center and trucking operations, Reuters reported. Flying J filed for bankruptcy due to a drop in oil prices and tighter [...]
Dallas-based Alon USA Energy Inc. has been selected as the stalking horse bidder for the Bakersfield, Calif., refinery from Big West of California LLC, a subsidiary of Flying J Inc. Completion of the acquisition is subject to an auction process, bankruptcy court approval and customary regulatory approval. The Bakersfield refinery is located in [...]
EZ Energy USA At a Glance Headquarters: Mansfield, Ohio Stores: 92 (68 company-operated and 24 dealer-operated sites) Total Estimated Sales: $480 million Markets of Operation: northeast and central Ohio, Pittsburgh Retail Brands: ampm, Easy Trip Fuel Brands: BP, Marathon Fuel Volume: 160 million gallons annually While many marketers are struggling to ride out this economic [...]
Facing one of the most difficult financial crises in the nation’s history, convenience store operators must maximize store performance and drive efficiencies. That old axiom “fall back, spring ahead” takes on an entirely new meaning for 2009. Faced with the worst recession in more than half a century, springing ahead means fighting for survival for [...]
Ogden, Utah-based Flying J Inc. has filed voluntary petitions for itself and some of its subsidiaries to reorganize under Chapter 11. The company operates nearly 250 travel plazas and gas stations nationwide, and it had 2007 sales exceeding $16 billion. Flying J President and CEO J. Phillip Adams said the filing was triggered by a [...]