Petroleum Service Corporation acquires Fryoux Tankerman Service to enhance its operational capabilities and address staffing shortages in the Gulf Coast tankerman services sector.

Information on the Target

Petroleum Service Corporation (PSC), a prominent North American leader in tankerman services, has announced its acquisition of specific assets from Fryoux Tankerman Service. Established in 1967, Fryoux is recognized as one of the premier shoreside tankerman companies operating along the U.S. Gulf Coast. With a legacy of high-quality service, Fryoux has maintained a strong reputation in the industry, providing tankerman services to clients in this vital region.

The acquisition allows PSC to enhance its operational capabilities by integrating Fryoux's experienced tankerman workforce. Jimmy Fryoux, who has led the family-owned company through three generations, will join PSC’s marine operations team as an advisor, providing invaluable industry insights and continuity for the customers served by Fryoux.

Industry Overview in the Target’s Specific Country

The tankerman services industry is crucial for the oil and gas sector, particularly in the U.S. Gulf Coast, which is home to a significant portion of the nation's refining capacity. The regio