Ron Sabia, president and chief operating officer for Gulf Oil, said that the SVX Prepaid deal will help its retailers "maximize revenue in this fast-growing category."
SVX Prepaid offers turnkey solutions using a category management approach, said Brett Nigro, co-owner of SVX Prepaid, a Boston-based privately owned company that provides prepaid services to retailers throughout the United States.
Gulf Oil, Newton, Mass., is one of the Northeast's largest wholesalers of refined petroleum products. Gulf Oil distributes motor fuels through a network of more than 2,400 Gulf-branded gas stations, 12 proprietary oil terminals and a network of more than 50 other supply terminals. It supplies heating oil, diesel fuel, jet fuel and kerosene to these branded retail outlets. Through its unbranded subsidiary, Great Island Energy, Gulf Oil also supplies petroleum products as well as risk management and financial services to industrial, commercial and independent retail firms. Gulf Oil, through its ownership interest in World Energy, is also the nation's largest distributor of biodiesel.
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