WARRINGTON, Pa., Dec. 10, 2013 /PRNewswire/ -- Sokolis Group Fuel Management, a nationwide outsourced fuel management and fuel consulting company, has partnered with FuelFox, a division of Magellan Fuel Solutions Inc. to help protect clients against volatile fuel prices.
"We have formed partnerships with companies like Fuel Fox as part of several step strategic process to help our clients with fuel management needs," said Howard Abrams, Executive Vice President, and CFO for Sokolis Group Fuel Management. "With diesel fuel and gas prices at recent lows it's important for our clients to have a product as dynamic as FuelFox."
FuelFox program works with fuel card providers Comdata and Fleetcor (Fuelman) to reconcile real-time fuel transactions against the fuel price protection. It provides clients with upside protection and downside gains.
'We're pleased to announce our partnership with Sokolis Group Fuel Management. By enhancing Sokolis Group's suite of products with FuelFox's unique fuel price protection, we can now provide protection against volatile diesel fuel and gas prices to all of Sokolis Group's clients. Our collaboration provides much value-added benefit to fleets of all sizes," said Diana Forzley, Vice President of FuelFox. "Through this collaboration, our combined strengths complement each other and provide much value-added benefits to fleets of all sizes."
Forming a partnership with PEAK, Sokolis Group Fuel Management has positioned itself to ensure clients get the best products, service and price when it comes to diesel exhaust fluid (DEF) and antifreeze.
"As an independent, family-owned business with a 40-year history of American ingenuity in developing products for the most extreme climates and working conditions, PEAK Commercial & Industrial is proud to be working with Sokolis Group Fuel Management," said Carl Van, National Account Manager for PEAK.
"Risk Management doesn't end with diesel fuel price protections, our long term vendor relationships that provide our fuel management clients with the best fuel additives continue to remain strong with Innospec and their product line, including ECOCLEAN." Abrams said.
"Our clients who want risk management in another fashion can use another provider mostly on the bulk fuel price protection called Powerhouse," said Glen Sokolis, President of Sokolis Group Fuel Management. "I have worked with Elaine Levin and the Powerhouse team for 15 years and they are terrific people."
These continue improvements to our fuel management systems along with other deals in the works, will better help our clients save money not only on diesel fuel but the products and services related to diesel.
About Sokolis Group Fuel Management
Sokolis Group is an outsourced fuel management and fuel consulting company dedicated to providing clients with lower diesel fuel for better fleet management. Its staff of fleet fuel experts develop money-saving fueling strategies and deliver comprehensive programs. Learn more, www.SokolisGroup.com.
ABOUT MAGELLAN FUEL
Founded in 2007, Magellan Fuel Solutions Inc. delivers innovative, seamlessly integrated, fuel price protection solutions to help protect businesses from fuel price uncertainty. Magellan's products allow customers to secure fixed-price fuel at preferred rates. With offices in Wilmington, Delaware and Toronto, Canada, the Magellan Fuel risk management team has over 70 years combined experience managing energy price volatility and providing leadership to North American Fortune 500 companies. Visit www.magellanfuel.com.
SOURCE Sokolis Group Fuel Management