Refuel Operating Co. LLC has closed on the acquisition of certain assets of Embark Energy LLC. The transaction includes 11 conveniences stores in the greater Austin, Texas, market operating under the Fast Break brand, along with four company-owned, dealer-operated locations.
Refuel is a portfolio company of First Reserve, a global private equity investment firm with a focus on the energy and industrial value chains.
Based in Austin, Texas, Embark, a wholesale and retail fuel distribution and c-store chain, was founded in 1996 by current owners Ismail Ali, Iqbal Ali and Mohammed Ali.
