EzFill Signs Purchase Agreement with Yoshi to Expand Operations

EzFill Holdings Inc., a prominent mobile fueling company, has entered a definitive agreement to acquire the fueling division of Yoshi, Inc. This strategic acquisition is anticipated to close by December 2, 2024, and is set to extend EzFill's operations into four additional U.S. states: California, Tennessee, Texas, and Michigan. Yoshi, known for its innovative mobility services, will transfer its mobile fuel service assets to EzFill, including operations and a loyal customer base. This transaction will enable EzFill to incorporate diesel fueling services in new and existing markets, assisting in the expansion of its offerings. The purchase reflects EzFill's drive to lead in the on-demand fueling sector and its ambition to execute a national expansion strategy. Meanwhile, Yoshi will focus on its fleet service offerings and transfer shareholder interests to EzFill. Yoshi's backing by strategic investors such as General Motors Ventures, ExxonMobil, and Bridgestone Americans has been pivotal in its previous successes. EzFill's acquisition move aims to enhance service convenience in alignment with consumer trends towards on-demand solutions, drawing parallels to sectors such as groceries and package delivery. The deal is supported by customary closing conditions, emphasizing both companies' dedication to customer service enhancement and environmental sustainability.