събота, 6 октомври 2012 г.

ND1005124

Title: FJ Management Acquires Majority Interest in Maverik
Description: The deal will bring back together the descendants of the Call family, founders of Flying J Inc.
Page Content:

ODGEN, Utah ? Yesterday, FJ Management Inc. (FJM), formerly known as Flying J, announced that it is acquiring a majority interest in Maverik, Inc. Nearly 60 years ago, brothers Reuel and Osborne Call formed a partnership to market fuel. The partnership lasted more than a decade until Reuel purchased Osborne?s ownership in the business. Jay Call, Osborne?s son, then founded Flying J Inc.

After 44 years of operating independently, the Osborne and Reuel Call families are once again joining forces in the oil refining, fuel distribution and convenience retailing businesses. Crystal Call Maggelet, daughter of Jay, and Mike and Brad Call, descendants of Val and Larry Call and grandsons of Reuel Call, will join together in a renewed family partnership.

Together, they expect this combination to deliver unique synergies in the marketplace, further the growth of Maverik stores and create many jobs throughout the intermountain west. ?Maverik will continue to aggressively market its high energy, Adventure?s First Stop brand that has created millions of raving fans,? said Mike Call, Maverik CEO.

FJM and Maverik will operate independently with their current respective management teams. ?We are very excited to be back in the convenience store business, especially partnering with an industry leader like Maverik,? said Crystal Maggelet, CEO of FJM.

FJM and Maverik remain committed to all their current customers, suppliers, and employees and look forward to this adventure together. The letter of intent signed by the parties anticipates finalizing documents and closing the transaction by early December this year.

Content Subject: Corporate
Formatted Article Date: October 5, 2012

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