Summary
Gates Fuel Services, LLC ("GFS") is a full-service provider of fuel and related services to the North American marine transportation sector. Based in the Houston region, GFS operates at a growing number of facilities located at some of the most heavily trafficked locations throughout the U.S. inland waterways.
GFS has become a strategic partner to some of the largest inland fleet and ship operators in North America, providing dockside and midstream fueling, barge cleaning, topside repair, fleeting and other services.
Investment Thesis
- 5 strategic locations throughout Texas and Louisiana with organic growth potential.
- Alignment with largest customer as co-investor.
- Reduce supply chain costs by purchasing fuel directly from refineries.
- Launch new ship fueling division supplying IMO 2020 compliant fuel to blue water vessels.