First Reserve acquires SC-based Refuel, Inc. and West Oil, Inc.

First Reserve announced the creation of a retail fuel distribution investment platform in the Southeastern United States.  First Reserve is a leading global private equity investment firm exclusively focused on energy.  The cornerstone of the platform is an agreement to acquire Refuel, Inc., a South Carolina-based retail fuel distribution and convenience store chain.

First Reserve concurrently announced an agreement to acquire West Oil, Inc., also based in South Carolina. Together, these companies have a combined 31 sites.

Refuel was founded in 2008 by CEO Mark Jordan who has over 20 years’ experience developing, acquiring, and operating convenience stores and gas stations.  Mr. Jordan will lead the combined platform along with CAO Travis Smith.

West Oil, Inc. was founded in 1964, operating primarily in the northeastern region of South Carolina under the proprietary Markette store and West Oil fuel brands. Both companies share a dedication to their local markets, high-quality fuels, and superior service.  The combined platform creates a profitable, strategically positioned portfolio from which to drive near-term growth.