A Locke Lord team led by Lauren Corbeil Clarke, Jennie Simmons and Shannon Schroeder (all of Houston) represented Refuel Operating Company, LLC, a South Carolina-based retail and wholesale fuel distribution and convenience store business, in its acquisition of the assets of Albemarle Oil Company, a North Carolina-based convenience store and retail fuel business. In the acquisition, Refuel purchased 28 convenience store locations and eight quick-service restaurants in North and South Carolina. The transaction represents the eighth acquisition for Refuel since establishing a partnership with First Reserve in May 2019 and brings the total Refuel-operated store count to 160 stores. For more information, see the press release. Additional assistance was provided by Jerry Higdon, Mark Miller, DeLaina Mulcahy, Lauren Richter, Ed Razim, Jeff McPhaul and Ashley Lopez (all of Houston), Kevin Twining, Van Jolas and Chris Schrauff (all of Dallas), Andrew Capalbo (Providence), Barry Bendes (New York) and Michael Bennett (Chicago).
Posted December 10, 2021