Baton Rouge-based Petroleum Service Corp. signed an agreement to acquire Norco-based Fryoux Tankerman Service.
Fryoux was founded in 1967 as the second U.S. Gulf Coast shoreside tankerman service business. The first was Petroleum Service Corp., founded in 1952.
Jimmy Fryoux, the third-generation leader of the family owned business, expects to join Petroleum Service Corp. as an adviser. Fryoux has offices in Norco and La Porte, Texas. Fryoux also has a barge consulting arm and tankerman training academy. It was not immediately clear how many workers Fryoux employs.
Tankerman services refer to individuals who transfer refined chemical or liquid gas cargos to and from vessels, a 24/7 operation.
Petroleum Service Corp. was sold last year to Los Angeles-based Aurora Capital Partners, a private equity firm, in a $335 million deal.
Petroleum Service has about 3,500 employees across the country, including more than a dozen locations across Louisiana from Lake Charles to Shreveport. Its employees often work inside of customer sites at refineries, chemical plants and warehouses. Roughly 1,200 employees work at customer locations in the Baton Rouge metro area. The company moved into its new headquarters along Jefferson Highway just north of Corporate Boulevard this year.
LSU released its annual top 100 fastest-growing LSU graduate-led businesses list this year.
Petroleum Service Corp., a Baton Rouge-based subsidiary of Geneva, Switzerland-based SGS that sells inspection, testing and certification serv…