Refuel Acquires Holmes Oil's Cruizers Convenience Stores
November 12, 2020
Refuel Operating Company, LLC, a Charleston-based convenience store and fuel-distribution platform backed by First Reserve, agreed to acquire the operating assets of Holmes Oil, Inc. (Cruizers), including 26 convenience stores and a wholesale fuel distributorship in the Raleigh–Durham, North Carolina market. The undisclosed deal is an add-on to Refuel's platform and expands its store footprint and regional density in North Carolina.
- Buyers
- Refuel Operating Company, LLC (Refuel), First Reserve
- Targets
- Holmes Oil, Inc. (Cruizers)
- Sellers
- Holmes Oil, Inc.
- Platforms
- Refuel Operating Company, LLC
- Industry
- Retail
- Location
- North Carolina, United States
- Transaction Type
- Addon
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