Oil Patch Bits: Crowley announces acquisition of Ace Fuels in Anchorage

Anchorage-based Crowley Fuels said May 2 that it has completed an asset acquisition of the aviation fuels business of Ace Fuels LLC, a fixed base operator headquartered at Merrill Field in downtown Anchorage offering Jet A and AV 100LL fuels. The acquisition includes the company’s six, 24-hour self-service aviation fuels pump stations and associated buildings located at the Merrill field strip, Merrill Field main airport, Willow airport, Wasilla airport, Lake Hood strip and Fairbanks International Airport.

“Congratulations to the entire team on completing this acquisition of two like-minded, privately owned and operated businesses,” said Rocky Smith, senior vice president and general manager. “While it will immediately expand Crowley’s footprint by adding additional aviation fuels service stations throughout Alaska, it also gives Ace Fuels customers better access to Crowley’s high quality fuels in southcentral and western parts of the state.”

While ownership has changed, Crowley will continue to provide great products and services under the Ace Fuels name and eventually rebrand the stations as Crowley. Ace Fuels Manager Michelle LaRose will join the Crowley team, and company owner Richard Armstrong will leave to pursue other interests.