Crowley Completes Asset Acquisition of Ace Fuels in Anchorage

(Anchorage, Alaska; May 2, 2016) – Anchorage-based Crowley Fuels yesterday completed an asset acquisition of the aviation fuels business of Ace Fuels, LLC, a fixed base operator (FBO) headquartered at Merrill Field in downtown Anchorage offering Jet A and AV 100LL fuels. The acquisition includes the company’s six, 24-hour self-service aviation fuels pump stations (cardlocks) and associated buildings located at the Merrill Field Strip, Merrill Field Main Airport, Willow Airport, Wasilla Airport, Lake Hood Strip and Fairbanks International Airport.

“Congratulations to the entire team on completing this acquisition of two like-minded, privately-owned and operated businesses,” said Rocky Smith, senior vice president and general manager. “While it will immediately expand Crowley’s footprint by adding additional aviation fuels service stations throughout Alaska, it also gives Ace Fuels customers better access to Crowley’s high quality fuels in south-central and western parts of the state.”

While ownership has changed, Crowley will continue to provide great products and services under the Ace Fuels name and eventually rebrand the stations as Crowley. Ace Fuels Manager Michelle LaRose will join the Crowley team, and company owner Richard Armstrong will leave to pursue other interests.

 “Ace Fuels and Crowley have similar cultures and values emphasizing safety, environmental protection and customer service,” said Bob Cox, Crowley vice president. “Our goal is to provide a seamless transition and to continue the tradition of providing high quality aviation fuels going forward.”

Crowley currently operates 15 public aviation fuel terminals in Alaska, and a fuel terminal network with a total storage capacity of nearly 30 million combined gallons of Jet A and AV 100LL fuel. The opportunity to acquire Ace Fuel and expand into south-central Alaska is a welcome development for Crowley’s petroleum distribution business.

Crowley is a leader in various aspects of the Alaska fuel industry, providing transportation, distribution and sales of petroleum products to more than 280 communities across the state. Crowley also supports the energy industry on the North Slope with summer sealifts of large production modules and various marine transportation services. At the southern terminus of the trans-Alaska oil pipeline, Crowley provides tanker escort and docking services in Valdez Harbor and Prince William Sound for Alyeska Pipeline Service Company’s Ship Escort/Response Vessel System, utilizing some of the most technologically advanced and powerful tugboats in the world. To learn more about Crowley in Alaska, visit: www.crowleyalaska.com.

To learn more about Crowley Maritime Corporation, the 124-year-old, privately held company providing marine solutions, energy and logistics services around the world, please visit: www.crowley.com.