FJ Management to Acquire Majority Interest in Maverik

FJ Management, the diversified holding company located in Utah, which was formerly known as Flying J, is acquiring a majority interest in Maverik Inc., a 250-store convenience retailer. FJM and Maverik will operate independently with their current respective management teams. The letter of intent signed by the parties anticipates finalizing documents and closing the transaction by early December. FJ Management is headquartered in Ogden, Utah, and is a diversified holding company with interests in petroleum refining, marketing and trading through its Big West Oil subsidiary; Pilot Flying J travel centers, EFS, a transportation credit processing business; and TAB Bank.

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This article originally ran in NATSO News Weekly (NNW), NATSO's member only weekly electronic newsletter. NNW is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry.

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