Founded in 2008, Native American offers a variety of services in the oil industry including purchasing, transportation and marketing of crude oil.
The acquisition includes all of Native American’s assets and the company’s transportation fleet as well as marketing services.
Under the deal, Native American will become part of Seminole’s subsidiary, North American Crude Logistics Services.
Native American current president and chief executive, Larry LeBarre, will serve as president of North American Crude Logistics Services.
LeBarre said, "This acquisition not only supports the targeted growth planned for Native American but also allows us to offer expanded, complete services to our crude oil customers, enhancing the value we provide. It’s truly a win-win for everyone involved."
Seminole president and CEO Jason Few said, "With this acquisition, we can provide our crude oil customers an immediate solution for getting their oil production to market quickly while simultaneously implementing longer term infrastructure solutions."
