Refuel Operating Company will acquire Holmes Oil, a North Carolina-based convenience store and fuel distribution business.
Refuel is a South Carolina-based retail and wholesale fuel distribution and convenience store business and portfolio company of First Reserve.
Holmes Oil owns and operates 26 convenience stores located in the greater Raleigh-Durham market operating under the “Cruizers” brand and also operates a wholesale distributorship for ExxonMobil and Valero motor fuels.