EzFill Closes on the Purchase of Yoshi Mobility’s Fuel Division
10 Décembre 2024 - 2:00PM
EzFill Holdings Inc. (NASDAQ: EZFL), a leading
mobile fueling company, has closed on the purchase of the mobile
fueling division of
Yoshi, Inc., expanding
EzFill’s existing business into five new markets within four
states.
The transaction closed on Monday, December 2, 2024, and as a
result EzFill has officially commenced operations in four new
States: California, Michigan, Tennessee and Texas. EzFill has
started the process of integrating Yoshi’s assets, operations and
customers into its growing infrastructure.
The goals of the purchase include:
- Expanding EzFill’s
Fleet: The acquisition adds 26 trucks, increasing the
fleet to 66. This expansion will bolster operational capacity,
allowing the Company to handle a larger volume of commercial
accounts and ensure timely service delivery in new and existing
markets.
- Experiencing Market Growth
and National Expansion: With the purchase, EzFill now has
a presence in 5 states and 10 strategic locations. The new markets
include Los Angeles, San Francisco, Detroit, Houston, and
Nashville. This growth provides greater geographical coverage and
positions the business to cater to a broader client base while
diversifying market risks.
- Adding Over 50 New
Commercial Fleet Accounts: The addition of over 50 new
commercial fleet accounts underscores the Company’s growing
reputation and capacity to serve large-scale clients, which is
expected to significantly increase revenue streams and demonstrate
EzFill’s ability to meet complex operational demands.
“This notable expansion across the country and new markets marks
a significant step toward achieving national operations and
presence,” said EzFill CEO Yehuda Levy. “We will continue to grow
consistent service standards and brand visibility while leveraging
economies of scale to improve efficiency and competitiveness.”
EzFill plans to immediately offer diesel in its new markets.
With 76% of commercial vehicles using diesel according to the
Engine Technology Forum, offering diesel in new markets will likely
immediately increase revenue potential in those areas.
Additionally, EzFill plans to use this expansion to build on its
existing relationships by servicing current national accounts in
Florida and extending support to its fleet and equipment in the
newly expanded markets.
“Closing this deal marks a pivotal moment in EzFill's journey
toward nationwide leadership in mobile fueling,” continued Levy.
“With the integration of Yoshi’s exceptional team and loyal
customers, we are not just expanding our footprint—we are
redefining convenience and efficiency in the fueling industry. The
progress we’ve made so far is only the beginning as we now operate
in five states, ten markets, and continue to add new fleet
accounts. We remain committed to delivering reliable, on-demand
fueling services to customers across the country and setting new
standards for innovation in this space.”
About EzFillEzFill 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.
With the number of gas stations in the U.S. continuing to
decline, corporate giants such as Shell, Exxon, GM, Bridgestone,
Enterprise, and Mitsubishi have recognized the increasing shift in
consumer behavior and are investing in the fast growing on-demand
mobile fueling industry, in companies such as Booster and Yoshi. As
the only company to provide fuel delivery in three verticals –
consumer, commercial, and specialty including marine and
construction equipment, we believe EzFill is well positioned to
capitalize on the growing demand for convenient and cost-efficient
mobile fueling options.
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 AdvisoryJeff Ramsonjramson@pcgadvisory.com
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