EzFill Holdings, Inc. Finalizes Letter of Understanding for Purchase of 78 Trucks from Shell
EzFill Holdings (NASDAQ: EZFL) has executed a term sheet with Shell Retail and Convenience Operations to acquire 78 trucks from Shell's fleet. This acquisition will enable EzFill to begin fuel delivery operations in Phoenix, San Antonio, Austin, Dallas, and Houston. The deal will more than double EzFill's fleet to 144 trucks and expand its geographic presence across 13 key markets, including Miami, Orlando, Jacksonville, Tampa, Los Angeles, San Francisco, Detroit, and Nashville. The company will utilize these trucks to service a large retailer's fleet and other customers in Texas and Arizona markets. This expansion follows EzFill's recent acquisition of Yoshi Mobility's fuel division.
EzFill Holdings (NASDAQ: EZFL) ha firmato un accordo per l'acquisto di 78 camion dalla flotta di Shell Retail and Convenience Operations. Questa acquisizione permetterà ad EzFill di avviare operazioni di consegna di carburante in Phoenix, San Antonio, Austin, Dallas e Houston. L'accordo più che raddoppierà la flotta di EzFill a 144 camion e espanderà la sua presenza geografica in 13 mercati chiave, tra cui Miami, Orlando, Jacksonville, Tampa, Los Angeles, San Francisco, Detroit e Nashville. L'azienda utilizzerà questi camion per servire una flotta di un grande rivenditore e altri clienti nei mercati del Texas e dell'Arizona. Questa espansione segue l'acquisizione recente da parte di EzFill della divisione carburante di Yoshi Mobility.
EzFill Holdings (NASDAQ: EZFL) ha ejecutado un acuerdo para adquirir 78 camiones de la flota de Shell Retail and Convenience Operations. Esta adquisición permitirá a EzFill comenzar operaciones de entrega de combustible en Phoenix, San Antonio, Austin, Dallas y Houston. El acuerdo más que duplicará la flota de EzFill a 144 camiones y expandirá su presencia geográfica en 13 mercados clave, incluidos Miami, Orlando, Jacksonville, Tampa, Los Ángeles, San Francisco, Detroit y Nashville. La empresa utilizará estos camiones para atender a la flota de un gran minorista y otros clientes en los mercados de Texas y Arizona. Esta expansión sigue a la reciente adquisición de la división de combustible de Yoshi Mobility por parte de EzFill.
EzFill Holdings (NASDAQ: EZFL)는 Shell Retail and Convenience Operations와의 계약을 통해 Shell의 플릿에서 78대 트럭을 인수했습니다. 이 인수를 통해 EzFill은 Phoenix, San Antonio, Austin, Dallas, Houston에서 연료 배송 작업을 시작할 수 있게 됩니다. 이번 거래로 EzFill의 차량 수는 144대로 두 배 이상 증가하며, Miami, Orlando, Jacksonville, Tampa, Los Angeles, San Francisco, Detroit, Nashville 등 13개의 주요 시장으로 지리적 존재감을 확장할 것입니다. 이 회사는 이러한 트럭을 사용하여 대형 소매업체의 플릿과 텍사스 및 애리조나 시장의 다른 고객에게 서비스를 제공할 것입니다. 이번 확장은 EzFill이 최근 Yoshi Mobility의 연료 부문을 인수한 것에 이어 진행됩니다.
EzFill Holdings (NASDAQ: EZFL) a signé une feuille de termes avec Shell Retail and Convenience Operations pour acquérir 78 camions de la flotte de Shell. Cette acquisition permettra à EzFill de commencer ses opérations de livraison de carburant à Phoenix, San Antonio, Austin, Dallas et Houston. L'accord plus que doublera la flotte d'EzFill pour atteindre 144 camions et étendra sa présence géographique sur 13 marchés clés, y compris Miami, Orlando, Jacksonville, Tampa, Los Angeles, San Francisco, Detroit et Nashville. L'entreprise utilisera ces camions pour desservir la flotte d'un grand détaillant et d'autres clients sur les marchés du Texas et de l'Arizona. Cette expansion fait suite à la récente acquisition par EzFill de la division carburant de Yoshi Mobility.
EzFill Holdings (NASDAQ: EZFL) hat ein Vertragsangebot mit Shell Retail and Convenience Operations zur Übernahme von 78 Lkw aus der Shell-Flotte ausgeführt. Diese Akquisition ermöglicht es EzFill, mit den Kraftstofflieferungen in Phoenix, San Antonio, Austin, Dallas und Houston zu beginnen. Der Deal wird die Flotte von EzFill auf 144 Lkw mehr als verdoppeln und seine geografische Präsenz in 13 wichtigen Märkten, darunter Miami, Orlando, Jacksonville, Tampa, Los Angeles, San Francisco, Detroit und Nashville, erweitern. Das Unternehmen wird diese Lkw nutzen, um eine große Einzelhandelsflotte sowie andere Kunden in den Märkten Texas und Arizona zu bedienen. Diese Expansion folgt der kürzlichen Übernahme des Kraftstoffgeschäfts von Yoshi Mobility durch EzFill.
- Fleet size more than doubles from 66 to 144 trucks
- Immediate expansion into 5 new markets
- Geographic footprint increases to 13 key markets
- Secured contract with large retailer for fleet services
- Significant capital expenditure required for truck acquisition (cost not disclosed)
Insights
In simpler terms: Imagine a local delivery company suddenly getting keys to twice as many trucks, plus permission to operate in five new major cities - that's essentially what's happening here. This deal gives them the tools they need to serve more customers and make more money, especially since they already have a big customer waiting.
To break this down simply: It's like getting a fast pass to enter five new profitable markets with a guaranteed big customer already lined up. This is especially valuable in Texas and Arizona, where the rules make it easier to run this kind of business and where there are lots of potential customers with large vehicle fleets.
EzFill to Utilize New Trucks to Begin Servicing Fleet of Large Retailer and Other Customers in Texas and Arizona
MIAMI, Dec. 19, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (NASDAQ: EZFL), a leading mobile fueling company, is pleased to announce the execution of a term sheet with Shell Retail and Convenience Operations LLC (“Shell”), a wholly owned subsidiary of Shell Oil Products US. This agreement facilitates the acquisition of 78 trucks from Shell’s fleet and enables EzFill to immediately begin delivering fuel in the markets of Phoenix, San Antonio, Austin, Dallas, and Houston.
Under the terms of the agreement, EzFill will acquire 78 trucks.
"Today's announcement marks a transformative milestone for EzFill," said Yehuda Levy, CEO of EzFill. "More than doubling our fleet immediately enhances our operational capacity and fuel delivery capabilities, additionally EzFill will now service customers in five new markets. This agreement positions us to scale efficiently, reduce costs, and continue delivering exceptional service to our customers nationwide. We jumped at the opportunity to purchase these trucks to enable EzFill to service the fleet of a large retailer and other customers in these markets."
The addition of these trucks will increase EzFill’s fleet to 144 and expand its geographic reach in key markets including Miami, Orlando, Jacksonville, Tampa, Los Angeles, San Francisco, Detroit, Nashville, Austin, Dallas, Houston, San Antonio, and Phoenix.
This agreement follows EzFill's recent national expansion efforts, including the acquisition of Yoshi Mobility’s fuel division.
About EzFill Holdings, Inc.
EzFill is a Miami-based on-demand mobile fueling service that provides fuel delivery directly to consumers and businesses, eliminating the need for traditional gas stations. As one of the largest mobile fuel delivery platforms in the United States, EzFill focuses on convenience, safety, and efficiency for its users. Visit us at ezfl.com.
Forward-Looking Statements
This press release contains “forward-looking statements” Forward-looking statements reflect our current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements, include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, our ability to raise capital to fund continuing operations; our ability to protect our intellectual property rights; the impact of any infringement actions or other litigation brought against us; competition from other providers and products; our ability to develop and commercialize products and services; changes in government regulation; our ability to complete capital raising transactions; and other factors relating to our industry, our operations and results of operations. Actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. The Company assumes no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release except as may be required under applicable securities law.
Investor Contact
PCG Advisory
Jeff Ramson
jramson@pcgadvisory.com
FAQ
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