Crowley acquires Alaska fuel distribution business.

• Position: Northland Fuel LLC - Brief article

Crowley has acquired the Alaska-based fuel distribution business of Northland Fuel LLC. The purchase consists of the assets of Yukon Fuel Co., Northland Vessel Leasing and the stock of Service Oil and Gas Inc. They've also acquired the assets of Yutana Barge Lines LLC from an affiliated company.

"This acquisition made sense for a number of reasons," said Tom Crowley Jr., chairman, president and CEO. "These Alaska-based businesses complement each other as well as Crowley's existing fuel distribution and sales activities in the state. We believe that combining assets, personnel and resources will produce greater efficiencies and improve service for the markets and customers we serve."

Yukon Fuel and Northland Vessel Leasing are based in Anchorage. The companies have about 75 employees and operate petroleum storage facilities in 11 communities in rural Alaska. The company distributes and sells petroleum products to a diverse customer base, including government entities, the aviation industry, electric utilities...