Patriot Transportation

Patriot Transportation was an American transportation and real estate holding company headquartered in Jacksonville, Florida. Its transportation operations were conducted through affiliated companies and focused primarily on the movement of petroleum products, other liquid freight, and dry bulk commodities. This positioned the business within specialized trucking rather than general parcel delivery or consumer freight, with operations oriented toward industrial and bulk-material supply chains. The company also maintained a real estate division, FRP Development Corp. That division acquired, constructed, leased, and managed land and commercial buildings, giving Patriot a business scope that extended beyond trucking into property ownership and development. The transportation and real estate activities therefore represented two distinct but related components of the corporate structure: freight services serving industrial customers and a property portfolio managed through an affiliated real estate operation. Publicly available reference material identifies Jacksonville as the company’s base and describes its activities in the United States. It does not establish a founding year, founder, detailed fleet profile, named consumer-facing product lines, or a comprehensive list of executives. As of September 30, 2013, Patriot Transportation was reported to have approximately $287.1 million in total assets. That figure describes the company’s asset position at a specific historical date and should not be interpreted as revenue, valuation, or current financial size. On December 21, 2023, United Petroleum Transports acquired Patriot Transportation for approximately $66.2 million. The transaction marked the end of Patriot’s publicly described existence as an independent company. Available source material does not provide detailed terms regarding the treatment of the Patriot name, the integration of its affiliates, or the post-acquisition status of FRP Development Corp. Accordingly, Patriot is best treated as a former corporate transportation brand whose principal documented activities were specialized bulk freight hauling and commercial real estate ownership and management.

Patriot Transportation was an American holding company headquartered in Jacksonville, Florida, with activities spanning specialized trucking and commercial real estate. Through affiliated companies, it transported freight consisting mainly of petroleum products and other liquids, as well as dry bulk commodities. These activities placed the company in the industrial bulk-haulage segment, where freight generally requires equipment and operating practices suited to liquid or dry bulk cargo rather than standard packaged goods. The company’s corporate scope also included real estate. FRP Development Corp. served as Patriot’s real estate division and was described as acquiring, constructing, leasing, and managing land and commercial buildings. The division gave the group an asset-management and property-development component alongside its transportation operations. Available reference material does not provide a detailed chronology of the division’s projects, properties, or tenant base. The public record identifies Patriot’s headquarters and principal business areas but does not specify its founding year, founder, complete legal structure, executive roster, fleet size, revenue history, or geographic network in greater detail. A historical financial reference reported approximately $287.1 million in total assets as of September 30, 2013. This is a balance-sheet measure for that date and does not establish the company’s revenue, profit, valuation, or present scale. On December 21, 2023, United Petroleum Transports acquired Patriot Transportation for approximately $66.2 million. No detailed public account in the supplied reference material explains the acquisition’s integration arrangements, the continuing use of the Patriot name, or the disposition of the real estate division. Following the acquisition, Patriot is treated in this dossier as a defunct or no-longer-independent corporate brand rather than as an active standalone transportation company.

• 2023

  Acquisition by United Petroleum Transports

  [1]Patriot Transportationen.wikipedia.org

  United Petroleum Transports acquired Patriot Transportation on December 21, 2023, for approximately $66.2 million.

• 2013

  Historical asset position reported

  [1]Patriot Transportationen.wikipedia.org

  As of September 30, 2013, Patriot Transportation was reported to have approximately $287.1 million in total assets.

A specialized industrial transportation and real estate holding company focused on bulk freight, particularly petroleum products, liquids, and dry bulk commodities.

• Specialized trucking

  Petroleum and liquid bulk transportation

  Through its affiliates, Patriot transported petroleum products and other liquid freight. The available source material identifies this as a principal area of the company’s trucking business but does not specify individual services, vehicle types, routes, or customer contracts.

• Specialized trucking

  Dry bulk transportation

  Patriot’s affiliated transportation operations also handled dry bulk commodities. The source material does not identify the specific commodities, operating subsidiaries, equipment, or service regions associated with this activity.

• Commercial real estate

  FRP Development Corp. real estate activities

  FRP Development Corp. functioned as Patriot Transportation’s real estate division. Its described activities included acquiring land, constructing commercial buildings, leasing property, and managing land and commercial buildings. Specific properties and development projects are not identified in the supplied reference.

• 2023

  Sale to United Petroleum TransportsM&A

  Background

  Patriot Transportation operated as a specialized trucking and real estate holding company before being acquired by United Petroleum Transports.

  Action taken

  United Petroleum Transports completed the acquisition on December 21, 2023.

  Aftermath

  The acquisition ended Patriot Transportation’s publicly described status as an independent company. The supplied sources do not specify the continuing status of its brand, affiliates, or real estate division.

  Acquisition price. Approximately $66.2 million (December 21, 2023)

  Source

1. 1Patriot Transportationen.wikipedia.org