Petroleum Service Corp. Acquires Prokar

A product handling, site logistics and sustainability services provider for the petrochemical and refining industries, Petroleum Service Corporation (PSC), recently acquired Prokar Inc. Prokar is a provider of on-site railcar repair, maintenance and inspection services for petrochemical and refining companies in Texas and Louisiana.

“The depth of experience and reputation for outstanding service that they bring to PSC will give us a big boost in our efforts to meet growing industry needs for safe and efficient railcar repair and maintenance services,” said Joel Dickerson, PSC CEO.

Prokar was founded in 1982 as a single-site railcar repair operation in Beaumont. Through the years, the company expanded its service offerings and customer base, and now operates multiple repair sites across Texas and Louisiana. As part of the acquisition agreement, Prokar’s founder and president Lee Schreve will join PSC’s railcar repair leadership team.

“From the start of the discussions with PSC’s leadership, I liked the attitude and optimism they displayed for being able to grow together and create good opportunities for our employees,” said Schreve. “In my opinion, it’s a win-win-win for Prokar, for PSC and for our customers.”

Prokar has been serving many of the same customers with whom PSC works and the services offered mesh very well with PSC’s expanded railcar repair operations, said Brian Camp, PSC vice president of operations.

“The strong foundation and commitment to service Lee has built with Prokar is one of the main reasons we began talking to him about joining PSC,” says Camp.