DALLAS andWICHITA FALLS, Texas — TC Fuels LP has acquired eight fuel stations with comfort shops in Wichita Falls, Jacksboro and Windthorst, Texas, from Texoma Petroleum Inc.
All places are leased to fee sellers. Wichita Falls-based Texoma Petroleum didn’t instantly function any of the retail websites.
All places are branded ConocoPhillips or unbranded gas. Texoma Petroleum additionally provides ConocoPhillips and unbranded fuels to roughly 20 supplier provide accounts.
Established in 1977 as Chambles Oil, the corporate grew to become Texoma Petroleum in 2001. Since that point, the corporate operations have been beneath the management of Norma Stevens, president. Stevens and the household belief that owns Texoma Petroleum determined to pursue a sale as a result of Stevens wished a smaller position that might enable her to spend extra time along with her household.
She will stick with TC Fuels via the transition and stay with the corporate specializing in supplier relationships.
“TC Fuels will be an excellent partner for all of our existing customers moving forward and has the ability to help them grow and have continued success well into the future,” mentioned Stevens.
Dallas-based TC Fuels is a wholesale gas provider of Chevron, Texaco, Conoco, Valero, Exxon, Mobil and Sinclair manufacturers in Texas, Colorado, Iowa, Oklahoma, Louisiana and Arkansas.
The firm plans to maintain growing and rising in these markets via acquisitions and branding of unbiased operator places, it mentioned. It additionally plans enhancements on the places owned and leased to sellers to make sure the continued, long-term success of every website. The sellers can discover varied branding alternatives at websites which might be presently unbranded.
The vendor’s consultant, Dallas-based Southwest Petroleum Realty, was established in 1999 with a concentrate on the retail convenience-store and gas distribution business throughout the United States. Grant and Jim McWhirter, together with their staff, have brokered the sale and lease of 1000’s of comfort shops and a number of gas distributorships for the previous greater than 20 years, the corporate mentioned.
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story by The Texas Tribune Source link