NEWS

REFUEL TO ACQUIRE ACTION FUELS

CHARLESTON, S.C. — Refuel Operating Co. LLC has entered into an agreement to acquire the assets of Action Fuels LP, a San Antonio-based wholesale and retail fuel distribution and convenience-store chain, including nine c-stores under the Buck’s brand.

REFUEL ANNOUNCES AGREEMENT TO ACQUIRE ALCO

CHARLESTON, S.C. — Refuel Operating Co. LLC has entered into an agreement to acquire the assets of Albemarle Oil Co., a North Carolina-based convenience-store and retail fuel business operating under the ALCO brand. ALCO owns and operates 28 conveniences stores and 8 Dairy Queen quick-service restaurants, all in North Carolina and South Carolina. Charleston, S.C.-based Refuel, a retail and wholesale fuel distribution and convenience-store business, is a portfolio company of First Reserve, Stamford, Conn., a global…

REFUEL COMPLETES WAG-A-BAG ACQUISITION

CHARLESTON, S.C. — Refuel Operating Co. LLC closed on its acquisition of Wag-A-Bag LLC, which owns and operates 18 convenience stores under the Wag-A-Bag brand with Shell- and Valero-branded fuel in the Austin, Texas, market, on June 22. The companies did not disclose the financial details of the transaction. Refuel, a Charleston, S.C.-based retail and wholesale fuel distribution and c-store business, is an affiliate of First Reserve, a private equity investment firm focused on energy,…