SPATCO Energy Solutions Boosts Growth with UST Acquisition
SPATCO Energy Solutions Expands with UST Services Corporation
SPATCO Energy Solutions, a frontrunner in infrastructure services and innovative solutions for the petroleum, DEF, environmental, and electric vehicle markets, has made waves in the industry by acquiring UST Services Corporation. This strategic decision allows SPATCO to strengthen its position in several high-demand areas.
Strategic Acquisition Benefits
UST Services Corporation is well-known for its expertise in petroleum contracting, which includes tank installation and removal, environmental compliance, and precision testing services. The integration of these vital services will significantly enhance SPATCO's current offerings and bolster its operations in growing markets.
Leadership Perspectives on the Acquisition
John Force, the President and CEO of SPATCO, expressed excitement about this acquisition, stating, "We are thrilled to announce the acquisition of UST Services Corporation. This marks a significant milestone in our mission to offer comprehensive products and services across all markets we serve." He highlighted the confidence in the acquisition's potential to expand SPATCO's service offerings and capabilities.
Transformative Opportunities
Mark Devey, President of UST Services Corporation, shared his positive outlook on the partnership. He said, "Aligning with SPATCO presents a unique opportunity for UST Services. This partnership is expected to unlock significant value and drive innovation in our respective markets. With SPATCO's leadership, we anticipate fruitful growth and enhanced capabilities from this acquisition."
Foundation of Innovation and Excellence
Jeff Kingsbury, Vice President of UST, reflected on the company's evolution since its inception in 2000, carrying forward a legacy rooted in innovation and excellence. He stated, "My dad founded this company with a vision, and I am honored to continue that tradition alongside SPATCO, ensuring that our foundational values remain at the core of our operations."
SPATCO's Growing Workforce and Legacy
This acquisition not only marks the second growth initiative for SPATCO within a month but also expands its dedicated workforce by bringing together nearly 1,075 employees across 17 states and more than 35 office locations. With an impressive legacy spanning 89 years, SPATCO is a trusted leader in petroleum fueling equipment distribution and services, environmental solutions, and electric vehicle infrastructure. The additional resources and expertise from UST Services will solidify SPATCO’s commitment to delivering high-quality services to its customers.
About SPATCO Energy Solutions
SPATCO Energy Solutions stands as a paramount provider and installer of advanced liquid handling equipment serving the petroleum, industrial, DEF, environmental, and electric vehicle charging sectors. With a tradition of excellence in customer service for over 89 years, the company caters to a diverse range of clients including convenience store operators, major oil companies, military fueling facilities, and regional oil jobbers. Headquartered in Charlotte, SPATCO maintains 34 additional office locations across the Southeast and provides comprehensive service and support throughout the country.
Contact Information
Business Inquiries
Tonia Ballard, VP of Supply Chain Management
T 704.596.4373
Media Inquiries
Lauren Guyton, Marketing Project Manager
T 704.596.4373
Frequently Asked Questions
What is the significance of SPATCO’s acquisition of UST Services Corporation?
This acquisition strengthens SPATCO's service capabilities and geographical presence, allowing for enhanced offerings in key markets.
How does UST Services Corporation contribute to SPATCO’s operations?
UST Services adds vital expertise in petroleum contracting, including tank services and environmental compliance, complementing SPATCO's existing offerings.
Who are the key figures involved in the acquisition?
John Force, President and CEO of SPATCO, and Mark Devey, President of UST Services Corporation, are pivotal in driving this strategic acquisition.
How long has SPATCO been in operation?
SPATCO has been providing services for over 89 years, establishing itself as a leader in its field.
Where is SPATCO’s headquarters located?
SPATCO Energy Solutions is headquartered in Charlotte, NC, and operates additional offices across the Southeast region.
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