J. William Gordy Fuel Co., a Delmar, Del.-based fuel marketer, sold its four company-operated retail sites to Cato Inc. Gordy Fuel owned most of the stores—high-volume, Exxon-branded sites with beer caves and quick-service restaurants—on a fee-simple basis. They are all located in Maryland.
The company held on to its wholesale distribution business, which supplies Exxon- and Sunoco-branded fuel to dealers in the Washington, D.C., market, and will continue to operate as an independent entity.
Cato Inc., Salisbury, Md., operates 14 Goose Creek stores in Maryland, Delaware and Virginia. Greg Stutzman, vice president of retail for Cato, told CSP Daily News that the four sites are “right in the heart of our trade area.” Like Gordy Fuel, Cato is an ExxonMobil distributor. For now, it plans to continue to operate the new locations under the TigerMart name and sell Exxon-branded fuels.