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Petroleum Service Corp. acquires Fryoux Tankerman Service

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Hydrocarbon Engineering,

Petroleum Service Corp., a North American provider of tankerman services, product handling and site logistics for the petrochemical and refining industries, has signed an agreement to acquire certain assets from Fryoux Tankerman Service, a shoreside tankerman company.

Based in Norco, Louisiana, US, Fryoux has been serving customers along the US Gulf Coast since 1967 when it was founded as the second shoreside tankerman service, behind PSC. As part of the transaction, PSC will absorb Fryoux's tankerman operations along the Gulf Coast. Jimmy Fryoux, President of the third-generation, family-owned company built by his grandfather and father, will join PSC's marine operations team as an advisor.

"Like PSC, Fryoux has a long-standing reputation for quality service, safety and environmental protection, and their experience and expertise will serve as excellent supplements to our existing capabilities," said PSC CEO Joel Dickerson. "We welcome Jimmy and the rest of the Fryoux team to PSC and look forward to leveraging our enhanced footprint to better serve our customers."

"The acquisition of Fryoux Tankerman Service furthers our commitment to providing a steady supply of professional, well-trained tankermen to meet the needs of our customers," said PSC Vice President of Marine Operations Josh Dixon. "Tankermen staffing shortages can create costly supply chain delays, and with the combination of these two industry leaders, our customers can rest assured knowing PSC is ready to answer the call whenever and wherever a tankerman is needed."

"PSC's track record of success and service excellence is unmatched in the industry," said Fryoux. "With the size and scope of the company's marine and plant operations, I'm excited about the opportunities our employees will have moving forward as members of the PSC family."

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