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Florida Rock. Patriot shareholders approved the transaction at a special meeting of shareholders on December 19, UPT and Patriot finalized the transaction today. Florida Rock will retain its operating footprint and continue to operate under its historical brand. Since the initial announcement, Florida Rock's team has effectively collaborated with UPT in planning to enhance operational outcomes with a shared goal of increasing profitability and service to customers.

United petroleum transports

The acquisition marks a milestone for UPT, furthering its goal to become a top five bulk tank carrier by revenue, the company said in a release. We are excited about what we can offer our current and future customers by utilizing both brands from Arizona to Florida. The transaction is expected to be finalized in early Patriot will transition from a publicly traded company to a privately held entity. Florida Rock will retain its name. Share this! LMI Finishing Inc. The owner of an Oklahoma barbecue company that landed a sweetheart deal to build restaurants at several state [ Known to friends and colleagues as Bob, Ravitz, 71, was also an adjunct professor at the Oklahoma Ci[ State Sen. Jessica Garvin, R—Duncan, has filed legislation to increase the state penalty for carry[ The owner of an Oklahoma barbecue company that landed a sweetheart deal to build restaurants at seve[ Skip to content.

From a financial perspective, the acquisition is likely to result in economies of scale, potentially lowering operational costs and increasing profitability.

We work tirelessly not only to be awarded the opportunity to serve the needs of our customers, but once awarded, immediately begin the process of building and growing mutually beneficial relationships and partnerships in the quest to meet and exceed all expectations. Our approach is always about providing solutions; understanding and knowing the needs of our customers and then executing on our service. We utilize the best technology available in the industry to enhance our offerings and further differentiate ourselves from the competition. UPT is proud to be considered Best in Class amongst peers in a highly competitive industry, and we have been fortunate to receive countless safety awards from customers and industry associations throughout the years. All UPT equipment is built with safety in mind and have the highest standards in the industry. Our equipment is designed for protecting and transporting your specialized products.

Florida Rock. Patriot shareholders approved the transaction at a special meeting of shareholders on December 19, UPT and Patriot finalized the transaction today. Florida Rock will retain its operating footprint and continue to operate under its historical brand. Since the initial announcement, Florida Rock's team has effectively collaborated with UPT in planning to enhance operational outcomes with a shared goal of increasing profitability and service to customers. The combination of these companies creates a top ten bulk tank carrier by revenue, with operations stretching from Arizona to Florida and over 1, professional drivers and 30 terminals. The joining of both companies will also result in enhanced services for current and new customers while continuing UPT's motto of "Seamless delivery…every time. Headquartered in Oklahoma City, UPT is a leader in the tank truck industry, with a professional driver base of more than professional drivers who safely and dependably serve UPT customers across the USA and Canada. Patriot conducts business through its wholly owned subsidiary, Florida Rock. Florida Rock transports petroleum and other liquids and dry bulk commodities.

United petroleum transports

We work tirelessly not only to be awarded the opportunity to serve the needs of our customers, but once awarded, immediately begin the process of building and growing mutually beneficial relationships and partnerships in the quest to meet and exceed all expectations. Our approach is always about providing solutions; understanding and knowing the needs of our customers and then executing on our service. We utilize the best technology available in the industry to enhance our offerings and further differentiate ourselves from the competition. UPT is proud to be considered Best in Class amongst peers in a highly competitive industry, and we have been fortunate to receive countless safety awards from customers and industry associations throughout the years. All UPT equipment is built with safety in mind and have the highest standards in the industry. Our equipment is designed for protecting and transporting your specialized products. UPT recruits and employs only experienced, trained professional drivers.

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Our fleet of over six hundred professional drivers is a mix of company employees and independent contractors, all of which must continually meet and exceed rigorous safety standards. The merger between UPT and Patriot, including its subsidiary Florida Rock, signifies a notable shift in the competitive landscape of the bulk tank carrier industry. Website Link. Silver Smart, efficient tools help us make our commitment to seamless deliveries a reality. Rhea-AI Sentiment. The handling of these legal aspects can significantly impact the success of the merger and the realization of its projected synergies. Already have an account? United Petroleum Transports, Inc. The expanded geographic reach from Arizona to Florida and the increase to over 1, professional drivers and 30 terminals suggest enhanced logistical capabilities.

Upon completion of the transaction, the combined company will have more than 1, drivers servicing markets from Arizona to Florida, covering 11 states and more than 30 terminals. Florida Rock transports petroleum and other liquids and dry bulk commodities. It also hauls dry bulk commodities such as cement, lime, and various industrial powder products, water, and liquid chemicals.

A confirmation email has been sent to your email address. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The acquisition of Patriot Transportation Holding, Inc. UPT and Patriot finalized the transaction today. It is important to analyze how this acquisition aligns with industry trends, such as the increasing demand for efficient and environmentally friendly transportation solutions. The joining of both companies will also result in enhanced services for current and new customers while continuing UPT's motto of "Seamless delivery…every time. Sign me up for the newsletter. The second regular session of the 59th Oklahoma Legislature convenes on Monday, Feb. Please check your email and follow the instructions in the message to complete the registration process. Smart, efficient tools help us make our commitment to seamless deliveries a reality. How much did United Petroleum Transports, Inc. Story continues. From a financial perspective, the acquisition is likely to result in economies of scale, potentially lowering operational costs and increasing profitability. The joining of both companies will also result in enhanced services for current and new customers while continuing UPT's motto of "Seamless delivery…every time.