First Reserve acquired Refuel and West Oil.

First Reserve has acquired South Carolina-based Refuel, a retail fuel distribution and convenience store chain. Also, the private equity firm has agreed to acquire another South Carolina-based gas station and convenience store chain West Oil. Financial terms were not disclosed. 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 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 that is expected to remain unchanged. Further, the combined platform creates a profitable, strategically positioned portfolio from which to drive near-term growth. "First Reserve has a history of backing experienced management teams with strong middle-market platforms to drive growth and create value for our stakeholders. We are pleased to partner with Mark Jordan and Travis Smith to establish a new platform in what we believe is the highly fragmented retail fuel distribution sector. Under their leadership, we believe Refuel, in part powered by the synergies of the combination with West Oil, is well-positioned for expansion in an attractive regional market." Gary Reaves and Neil Wizel, Managing Directors at First Reserve.