Reliable Tank Line, LLC (RTL) of Winston-Salem has acquired the assets of P.M.Transport (PMT), a division of Petroleum Marketers, Inc. of Roanoke, VA. The petroleum carrier purchased 25 transport units in the acquisition, bringing the RTL fleet to a total of over 130 units. Reliable Tank Line has hired all personnel from PMT and will maintain operation of existing Richmond and Roanoke terminals.
The acquisition will allow for Reliable Tank Line to expand its footprint further throughout the Virginia market as well as into parts of West Virginia and Maryland. Current Reliable terminals include Chesapeake, Greensboro, Charlotte, Selma, Fayetteville, Belton, Apex, and Spartanburg. RTL transports propane and petroleum products to various businesses in North Carolina, South Carolina, Virginia, and Tennessee. Reliable is well known for providing customers with competitive rates, inventory control options, as well as prompt, courteous delivery and excellent customer service.
“We are excited to welcome the drivers, employees, and customers of PMT to the Reliable family,” said Buddy Jenkins, Senior Vice President of Reliable Tank Line. “By combining assets, Reliable Tank Line will be able to enhance the already broad range of service offerings we have available for our respected customer base.”
The transaction closed May 19, 2015 for an undisclosed purchase price.