October 8, 2012

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

FJ Management to Acquire Majority Interest in Maverik, Inc.

Press Release

October 8, 2012

FJ Management Inc. (“FJM”) formerly known as Flying J, announced that it is acquiring a majority interest in Maverik, Inc., (“Maverik”). Nearly 60 years ago, brothers Reuel and Osborne Call formed a partnership to market fuel. The partnership lasted more than a decade until Reuel purchased Osborne’s ownership in the business. Jay Call, Osborne’s son, then founded Flying J, Inc. After 44 years of operating independently, the Osborne and Reuel Call families are once again joining forces in the oil refining, fuel distribution and convenience retailing businesses.

It is expected that this combination will deliver unique synergies in the marketplace, further the growth of Maverik stores and create many jobs throughout the intermountain west. Mike Call, Maverik's CEO, said, “Maverik will continue to aggressively market its high energy, Adventure’s First Stop brand that has created millions of raving fans.”

FJM and Maverik will operate independently with their current respective management teams. Crystal Maggelet, CEO of FJM, said, “We are very excited to be back in the convenience store business, especially partnering with an industry leader like Maverik.”

The letter of intent signed by the parties anticipates finalizing documents and closing the transaction by early December 2012.

Utah Business Social
UB Events View All
Forty Under 40 - 2015Utah Business Event
Feb 26, 2015
Utah Business Magazine along with Presenting Sponsors: Kirton McConkie, BIG-D Construction and Ma...
CEO of the YearUtah Business Event
Mar 20, 2015
Utah Business magazine and Presenting Sponsors: Holland & Hart and Newmark Grubb ACRES, Premier S...
30 Women to Watch 2015 - NOMINATIONS NOW OPENUtah Business Event
May 31, 2015
NOMINATIONS NOW OPEN! Visit: www.utahbusiness.com/nomination_items Questions: heather@utahbusi...
Community Events View All
CISSP Certified Information Systems Security Professional
Jan 29, 2015
This 5-day course prepares students to take the CISSP certification examination (not included). T...
CISSP Certified Information Systems Security Professional
Jan 29, 2015
This 5-day course prepares students to take the CISSP certification examination (not included). T...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel