Refuel Operating Co. LLC is retail and wholesale fuel distribution and convenience-store business. The company is also a buy-and-build platform focused on the highly fragmented retail fuel distribution sector.
Refuel has made a handful of acquisitions within the past year. In early 2019, its private equity sponsor, First Reserve, Stamford, Conn., formed Refuel Operating Co. through the acquisition of Charleston, S.C.-based Refuel Inc. and its six c-stores. It immediately acquired West Oil Inc., Hartsville, S.C., with 25 c-stores. In June 2019, Refuel acquired Bishopville Petroleum Co. Inc., Bishopville, S.C., adding two more c-stores. Refuel completed its fourth acquisition in January when it acquired the assets of Turtle Market in Myrtle Beach, S.C., consisting of two high-volume c-stores as well as one site currently under construction and one location that is set to begin construction in 2020. Finally, in April 2020, Refuel completed the purchase of Double Quick Inc., bringing its current store count to 83.
For benchmarking purposes, store counts are year-end 2019.
|Headquarters:||Mount Pleasant, S.C.|
|No. of Stores:||33|