OGDEN -- Flying J has completed the last of its reorganization under bankruptcy by selling its nine convenience stores in Utah and Idaho to a South Dakota oil company.
The six stores in Utah and three more in Idaho will now carry the Common Cents name. The Common Cents convenience stores already in South Dakota, Wyoming, Nebraska, Idaho and Utah are operated by Moyle Petroleum.
Moyle's controller, Dereck Budahl, said Thursday that the name change is the only difference customers will notice.
"Our intention in taking things over is to maintain the status quo," he said. "We want to provide the customers the same good service."
Flying J is a long-time Utah oil company which filed for bankruptcy protection and reorganization last year under Chapter 11. In a news release issued Thursday, Crystal Maggelet, president of FJ Management Inc., the successor name to Flying J, said the sale of the convenience stores marks the end of the reorganization process.
Maggelet said Flying J emerged from the bankruptcy in July, paying back creditors 100 percent. It merged its travel plazas on June 30 with Pilot Travel Centers. With the sale of the convenience stores, the company took on the name FJ Management and no longer operates any retail facilities.
FJ Management, the release says, still is the parent company for the Big West refinery, Transportation Alliance Bank, and theTransportation Clearing House, a fuel card processor.