Refuel Operating Co. LLC

Refuel Operating Co. LLC is a retail and wholesale fuel distribution and convenience-store business in five states. Its Refuel Market and Double Quick c-stores aim to provide clean and attractive stores with hot and fresh foods and grab-and-go snacks.

Last year, Refuel acquired eight convenience stores through two separate deals. It entered into a definitive agreement to acquire seven locations operating under the Hop-In brand in the San Antonio market from founders Mike Meghani and Shawn Meghani. It also entered into a definitive agreement to acquire Laneco Express, a c-store in Yemassee, South Carolina, from owners Melvin O. Lane III and Edith Robertson.

In 2022, Refuel made several acquisitions. The company acquired two c-stores in Mississippi from Fikes Wholesale Inc.'s CEFCO Convenience Stores. It closed on the acquisition of assets of Embark Energy, including 11 c-stores in the greater Austin, Texas, market operating under the Fast Break brand, along with four company-owned, dealer-operated locations. The company also acquired six GreatStops c-stores from Premier Stores in the Greensboro, North Carolina, market. It acquired three stores from The Whalen Corp. in the Raleigh-Durham, North Carolina, market. And in late 2022, Refuel entered into an agreement to acquire the assets of Eagles Enterprise, including 13 locations in the Raleigh-Durham market. The transaction is the 14th since Refuel established the partnership with private equity investment firm First Reserve, Stamford, Connecticut, in 2019.

For benchmarking purposes, store counts are as of Jan. 1, 2024.