Pilot Company (or simply Pilot) is an American petroleum corporation headquartered in Knoxville, Tennessee. Pilot operates the Pilot Food Mart convenience stores in Tennessee. Along with Berkshire Hathaway and FJ Management, Pilot is joint-owner of Pilot Flying J, the largest truck stop chain in the United States.
|Type||Privately held limited liability company|
|Founded||1958Gate City, Virginiain|
Number of locations
|Canada, United States|
|Jimmy Haslam (Chairman and CEO)|
|Revenue||US$19.6 billion(FY 2017)|
|US$475.0 million(FY 2011)|
|Total assets||US$4.1 billion(FY 2011)|
Number of employees
|Subsidiaries||Pilot Flying J|
Pilot Company was founded by James Haslam Jr. in 1958 in Weber City, Virginia when he purchased an existing gasoline station. By 1965, Pilot owned 12 stations, and was selling 5 million gallons of fuel yearly. Pilot built its first convenience store in 1976, and converted the rest of its locations into convenience stores.
In 1981, Pilot built its first travel center, and has focused on that aspect of its business ever since. 1988 saw Pilot begin its concentration on expanding its travel center network in a nationwide presence. Also in 1988, Pilot opened its first travel center with a fast food restaurant inside. On September 1, 2001, Pilot and Marathon Petroleum Company formed Pilot Travel Centers, LLC. On July 1, 2010, Pilot and Flying J's travel center chains merged to form Pilot Flying J. The two brands maintain their separate identities in the merged company.
Investigation of price gougingEdit
This section needs expansion. You can help by adding to it. (May 2017)
Pilot returned to NASCAR in 2011 with the help of Scott Wombold when it became the primary sponsor of Rusty Wallace Racing driver Michael Annett in the NASCAR Nationwide Series. As the deal came after the Flying J merger, both Pilot and Flying J are primary sponsors of the car.
In 2012, when Annett moved to the Nationwide team of Richard Petty Motorsports, Pilot Flying J followed him to his new team.
In 2014, Annett moved to the Sprint Cup Series, driving the No. 7 Chevrolet for Tommy Baldwin Racing, and again Pilot Flying J followed him, re-entering the Cup Series for the first time since 1998. The sponsorship followed Annett to the No. 46 Chevrolet for HScott Motorsports on the Sprint Cup Series in 2016 and to the No. 5 Chevrolet for JR Motorsports in the Xfinity Series in 2017.
In 2008, Pilot president James (Jimmy) Haslam III, son of founder James (Jim) Haslam II, purchased a 16% stake in the Pittsburgh Steelers as part of the team's ownership restructuring due to some heirs of the Rooney family retaining stakes in gambling enterprises such as horse tracks and race horse breeding stables, violating NFL rules. It was not known at the time if it would lead to a sponsorship deal between the two at Pittsburgh-area Pilot Travel Centers locations, or possibly a sponsorship deal with the NFL in general nationwide. The Rooney family retained control of the franchise itself.
In August 2012, Pilot president Jimmy Haslam purchased a controlling interest in the Cleveland Browns from Randy Lerner for over $1 billion, pending approval of other NFL owners. Under NFL rules, he needed to sell his share in the Steelers before buying the Browns. Haslam has made plans with the Rooney family to sell his Steelers interest, and is expected to sell that stake by the time the Browns purchase is finalized in October 2012. Haslam sold the naming rights to FirstEnergy to become FirstEnergy Stadium.
In late 2018, reports emerged that Jimmy Haslam had purchased Major League Soccer club Columbus Crew from Anthony Precourt, who wanted to move the club to Austin, Texas. Haslam, along with his wife Dee and former team physician Pete Edwards, took over as owners on January 1, 2019, as a deal to purchase the club from Precourt was finalized.
- "#11 Pilot Flying J". Forbes. 2010. Retrieved 3 Apr 2018.
- "McCollum Issues Subpoenas Investigating Gas Price Increases". myfloridalegal.com. 14 Sep 2008. Archived from the original on 19 September 2008. Retrieved 3 Apr 2018.
- "62 Michael Annett". Pilotflyingj.com. Pilot Travel Centers LLC. 2011. Archived from the original on 2011-02-03. Retrieved 3 Apr 2018.
- "NFL approves Rooney's ownership plan". espn.com. ESPN. 18 Dec 2008. Retrieved 3 Apr 2018. NFL approves Rooney's ownership plan]
- Schefter, Adam (August 2, 2012). "Sources: Browns sold for over $1B". ESPN.com. Retrieved August 3, 2012.
- Patrick Guldan and Pat Murphy (December 28, 2018). "Crew SC officially sold to Edwards, Haslam". MassiveReport.com. SB Nation. Retrieved January 1, 2019.
- Keh, Andrew (2020-12-11). "Their Team Almost Left Town. Now It's Playing for a Title". The New York Times. ISSN 0362-4331. Retrieved 2021-02-04.