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For more information, Contact: Steve Boyd (713) 844-9689
SUN COAST RESOURCES INC.ANNOUNCES TWO ACQUISITIONS IN NORTH TEXAS: THEFUEL TRANSPORTATION BUSINESS OF PM FUEL SERVICES, INC., AND THE COMMERCIAL FUEL BUSINESS OF OLMSTEAD OIL COMPANY.
Houston, TX, January 27, 2012 – Sun Coast Resources, Inc.
(“Sun Coast”) today announced the completion of two acquisitions in North Texas
to expand its commercial fuel, lubricant and transportation business.
The acquisition of PM Fuel Services, Inc. (“PMFS”) was completed this week. PMFS
operates a fleet of fuel transportation trucks in Grand Prairie, Texas. PMFS’s
experienced and dedicated personnel have joined Sun Coast to continue to
operate the acquired business unit from the nearby Sun Coast facility in
Euless, Texas.
The acquisition of Olmstead Oil Company (“OOC”) was also completed this week. OOC
operates two bulk plants, one in Sherman and the second in Wichita Falls,
Texas. OOC employees have joined Sun Coast to continue to operate the acquired
assets and business from the Sherman and Wichita Falls facilities.
“The acquisition of PM Fuel Services and Olmstead Oil Company allows us to further expand our fuel distribution network throughout the DFW Metroplex. We are pleased to welcome both companies to our 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 32 states from 10
locations, and currently has more than 1,000 employees. It is the largest woman
owned businesses in Texas. Sun Coast provides a complete line of
petroleum products and related supply, transportation and emergency response
services and equipment to thousands of commercial and industrial firms,
state and federal agencies, retail facilities, utilities, communication
companies, railroad transportation companies, construction companies, major
over-the-road trucking firms, local delivery fleets, airlines, mines, drilling
and hydraulic fracturing operations, sports complexes, hospitals, school
districts, marine accounts, and hotel operators, just to name a few.
Sun Coast delivers nearly 1 billion gallons of fuel annually, and
is one of the largest distributors of Chevron lubrication products in the
United States. In 2011, Sun Coast was awarded the distinction by Chevron
as one of their few 1st Source Elite Signature Class Lubrication
Marketers in the nation. Sun Coast also has
more than 700 delivery and service vehicles, supported by over 600 certified
haz mat drivers. Moreover, Sun Coast has over 6,000 storage tanks
on loan to its customers which provides exceptional delivery and inventory
management.
