RaceTrac completed the acquisition of Gulf Oil.

RaceTrac, an operator of chain of gasoline service stations, completed the acquisition of Gulf Oil, a fuel distribution network. Financial terms were not disclosed. “Customers, distributors and licensees have looked to the Gulf brand for quality and dependability for over 100 years and we are excited to announce its addition to the RaceTrac family. The timeliness of this transaction represents an immediate opportunity for growth through geographic expansion, scale and diversification. We have been working closely with the Gulf team and are prepared to steward the Gulf legacy in its second century,” Max McBrayer, RaceTrac CEO.