Refuel C-Stores Set for Aggressive Growth

Following acquisition Refuel Convenience Stores to grow from five to 31 locations.

First Reserve, a Texas-based private equity firm has acquired Charleston, S.C., based Refuel Convenience Store chain, which operates five c-stores, and plans to immediately expand the chain.

According to the Charleston Post and Courier, First Reserve also acquired 26 additional c-stores under the banners Markette and West Oil from Hartsville, S.C.-based West Oil Inc., and plans to rebrand and upgrade these sites as Refuel Convenience Stores

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The former owner of Refuel Convenience Stores, Mark Jordan, who opened the first Refuel gas station in 2008, is set to helm the new 31-store venture as CEO of Refuel, along with business partner Travis Smith.

The transactions are expected to close in the first half of 2019.