USA: Penn Tank Lines acquires fuel transportation company

Stardust Transportation is a leading aviation gasoline and jet fuel transportation company from Indiana.

Penn Tank Lines has acquired Stardust Transportation, a leading aviation gasoline and jet fuel transportation company based in Fishers, Indiana.

Penn Tank Lines, headquartered in Chester Springs, Pennsylvania, is a bulk petroleum and flatbed transportation company. It has been delivering fuel and providing superior customer service since 1974, when it was founded by current Chairman and CEO, Jack McSherry.

Stardust Transportation has grown into one of the largest specialty fuel transportation providers of aviation fuels in the country. Stardust serves primarily airline, airport, and government customers throughout the Midwest, Texas, and Florida.

“We are thrilled to partner with Stardust. Tom and his people are terrific additions to our team here at Penn Tank Lines,” said Steve McSherry, President of Penn Tank Lines.

Matrix provided merger and acquisition advisory services to Penn Tank Lines.