EzFill Expands Fleet with Acquisition of Shell Trucks
Deal News | Jan 07, 2025 | Globenewswire
EzFill Holdings, Inc., a prominent mobile fueling company, has successfully acquired a fleet of trucks from Shell Retail and Convenience Operations LLC, enhancing its service capabilities and expanding its market presence in Texas, Arizona, and other regions. The acquisition increases EzFill's fleet to 139 trucks and extends its operations to major new markets including Phoenix, San Antonio, Houston, Austin, and an expanded service in Dallas. This expansion aligns with EzFill's strategy to ensure timely service delivery and reach profitability by delivering 26 million gallons and aiming for over $100 million in revenue in 2025. The company's CEO, Yehuda Levy, highlights the growth from a small four-truck operation to being one of the largest app-based mobile fueling companies in the United States. With recent strategic acquisitions like Yoshi Mobility's fuel division, EzFill is poised to scale its service model and enhance value across a growing national footprint.
Sectors
- Energy
- Transportation
- Technology
Geography
- United States – EzFill is expanding its operations across multiple states in the US, including new markets in Texas and Arizona.
Industry
- Energy – As a mobile fueling company, EzFill operates within the energy sector, providing fuel delivery services to consumers and businesses.
- Transportation – The acquisition of a fleet of trucks highlights EzFill’s operations in the transportation sector, emphasizing logistics and delivery services.
- Technology – EzFill leverages app-based technology to provide on-demand mobile fueling, marking its involvement in the technology industry.
Financials
- $100 million – Projected revenue for EzFill in 2025 following the fleet expansion.
- 16 million gallons – Expected delivery volume from the newly integrated Shell trucks in 2025.
- 26 million gallons – Total projected fuel delivery volume by EzFill for 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EzFill Holdings, Inc. | Acquirer | Company | A Miami-based mobile fueling service aiming to expand nationwide. |
| Shell Retail and Convenience Operations LLC | Seller | Company | A subsidiary of Shell Oil Products US, engaged in the sale of mobile fueling trucks to EzFill. |
| Yehuda Levy | CEO | Person | Chief Executive Officer of EzFill, overseeing strategic expansion and operational growth. |