EzFill Holdings, Inc. Successfully Closes Acquisition of Shell Fleet, Accelerating Nationwide Mobile Fueling Expansion

MIAMI, Jan. 07, 2025 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (NASDAQ:EZFL), a leading mobile fueling company, today announced the completion of its purchase of a fleet of trucks from Shell Retail and Convenience Operations LLC ("Shell"), a wholly owned subsidiary of Shell Oil Products US. By integrating these trucks into its existing fleet, EzFill has significantly bolstered its operational capacity and expanded its service footprint in Texas while launching in Arizona and furthering its mission to provide efficient and reliable fueling solutions across its growing service areas.

The transaction closed on December 27, 2024. As a result, EzFill has officially commenced operations in four new markets: Phoenix, San Antonio, Houston, and Austin; and expanded operations in Dallas. EzFill has started integrating the Shell trucks into its fast-growing infrastructure.

The goals of the acquisition include:

Expanding EzFill's Fleet: The acquisition adds 73 trucks, increasing the fleet to 139. 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. EzFill expects to deliver approximately 16 million gallons with these new trucks alone, in 2025.

Experiencing Market Growth and Further National Expansion: With the purchase, EzFill now has a presence in 6 states and 14 markets, including: Miami, West Palm Beach, Orlando, Tampa, Jacksonville, Los Angeles, San Francisco, Nashville, Detroit, Dallas, Houston, Austin, San Antonio, and Phoenix.

"The expansion of our fleet and the opening of new markets is a significant milestone in our journey toward achieving national operations and a strong market presence," said EzFill CEO Yehuda Levy. "We grew this company from a small four-truck operation in Miami Beach and are now operating 139 trucks across the country. As one of the largest app-based mobile fueling companies, we hope to deliver upwards of 26 million gallons and produce over $100 million in revenues in 2025. We will continue to grow consistent service standards and visibility while leveraging economies of scale to improve efficiency and competitiveness. Furthermore, we believe this new expansion will help us achieve the scale needed to reach profitability in the near term."

Alongside recent strategic moves such as acquiring Yoshi Mobility's fuel division, EzFill remains focused on driving innovation, scaling its service model, and delivering enhanced value to customers across a growing national footprint.

About EzFill Holdings, Inc.

EzFill 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.

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