SUN COAST RESOURCES INC. ANNOUNCES FIRST ACQUISITION IN
LOUISIANA: PURCHASE OF THE COMMERCIAL FUEL AND LUBRICANT BUSINESS OF ST. MARTIN OIL AND GAS INC.
Houston, TX, April 10, 2012– Sun Coast Resources, Inc. (“Sun Coast”) today announced the completion of its first acquisition in Louisiana to expand its commercial fuel, lubricant and transportation business.
The acquisition of St. Martin Oil and Gas, Inc. (“SMI”) was completed this week. SMI operates a fleet of fuel transportation trucks from its two bulk storage facilities in St. Martinville and Denham Springs in Louisiana. SMI employs 30 experienced and dedicated transportation personnel who have joined Sun Coast to continue operating the acquired assets and business from the existing facilities in St. Martinville and Denham Springs, LA
Former SMI President, Jimmy Poirier, will be responsible for all sales and marketing on behalf of Sun Coast in Louisiana, and former SMI Vice President, Jacques Poirier, will be responsible for Sun Coast’s operations management in Louisiana.
“The acquisition of St. Martin Oil and Gas, Inc. is a significant opportunity to further expand our fuel and lubricant distribution network from Texas into Louisiana. We are pleased to welcome Jimmy, Jacques and their employees to the Sun Coast team”, said Kathy Lehne, founder and President of Sun Coast.
About the Company:
Sun Coast Resources, Inc. Founded in Houston by Kathy Lehne in 1985, Sun Coast operates in 35 states from 15 locations, and currently has more than 1,200 employees. It is the largest women owned businesses in Texas, and ranks third
Sun Coast provides fuel supply and transportation services and equipment to the oil field services industry, convenience stores, card locks, governmental agencies, utilities, communication companies, construction companies, railroad
transportation companies, coal mines, school districts, utilities, delivery services and scores of other commercial enterprises. Sun Coast is also the largest emergency response fuel provider when disasters create power interruptions,
supply outages or fuel access restrictions.
In addition, Sun Coast delivers nearly 1 billion gallons of fuel and condensate annually, and is one of the largest distributors of Chevron lubrication products in the United States. Sun Coast has more than 700 delivery and service vehicles, plus 6,500 storage tanks to provide outstanding customer service.