Foley & Lardner LLP served as legal advisor to Patriot Transportation Holding Inc. (“Patriot”) in its merger agreement with United Petroleum Transports Inc (“UPT”).
Upon completion of the transaction, the combined company will have over 1,000 drivers servicing markets from Arizona to Florida, covering 11 states with over 30 terminals. To capitalize on its strong brand and reputation, UPT will continue to operate Patriot’s business through Patriot’s wholly owned subsidiary, Florida Rock & Tank Lines, Inc. (“Florida Rock”).
Florida Rock serves the southeastern U.S. as a premier bulk tank carrier specializing in hauling primarily petroleum-related products and other liquid and dry bulk commodities. One of the largest regional tank truck carriers in North America, Florida Rock operates 17 terminals and six satellite locations in Florida, Georgia, Alabama, and Tennessee.
The Foley deal team was led by partners Gardner Davis and John Wolfel and associate Matthew Tedder.