Core Viewpoint - EzFill Holdings Inc. has signed a definitive agreement to acquire the fueling division of Yoshi, Inc. to expand its operations across the U.S. and enhance its market presence [2][3]. Company Overview - EzFill is a Miami-based mobile fueling service that delivers fuel directly to consumers and businesses, focusing on convenience, safety, and efficiency [6][7]. - Yoshi Mobility is a tech-enabled mobility services provider that has raised over $60 million from strategic investors, including General Motors Ventures and ExxonMobil [4][8]. Acquisition Details - The acquisition will allow EzFill to operate in four new states: California, Tennessee, Texas, and Michigan, integrating Yoshi's assets and customer base into its infrastructure [3]. - EzFill plans to add diesel fueling services immediately in the new markets, which is expected to increase revenues [3]. - Yoshi will become shareholders in EzFill as part of the agreement, indicating a strategic partnership moving forward [4]. Strategic Intent - The acquisition is seen as a transformational step for EzFill, aligning with its vision to become a national leader in mobile fueling services [5]. - EzFill aims to meet the growing demand for on-demand fueling services, similar to trends seen in grocery and package delivery [5]. - The deal reflects EzFill's commitment to providing convenient, cost-effective, and environmentally friendly fueling solutions [5].
EzFill Signs Definitive Agreement for the Purchase of Yoshi Mobility's Fuel Division