Tuesday, February 25, 2020

Port of Grays Harbor Commission Approves Nine Lease Assignments

By Karen Robes Meeks

Nine leases held by Masco Petroleum, Inc. will go to PetroCard, Inc. The Port of Grays Harbor Commission approved the assignment at a special commission meeting Feb. 18.

Masco has been a tenant at the port providing card lock facilities, bulk fuel delivery, lubricant distribution and marine fueling services in the peninsula since 1999. Kent-based PetroCard anticipates closing on its acquisition of Masco assets by the end of this month, according to the port.

“We entertained this acquisition offer from PetroCard because they run a business the way a business should be run, not like a [typical] corporation,” Masco Founder and President Jim Mason told the port. “Employment in Grays Harbor is important to them, just like it is important to us.”

PetroCard runs over 60 card lock facilities in Washington and Oregon.

“We see Masco’s operation as a great fit for our network and look forward to maintaining the local knowledge and relationships they have established throughout the Olympic Peninsula,” said PetroCard President and CEO Laura Yellig.