Add-on Acquisition • Distribution

Refuel Acquires Holmes Oil Co.

On November 12, 2020, Refuel acquired distribution company Holmes Oil Co.

Acquisition Context

This is Refuel’s 1st transaction in the Distribution sector.
This is Refuel’s 2nd transaction in the United States.
This is Refuel’s 1st transaction in North Carolina.

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M&A Deal Summary
Date	November 12, 2020
Target	Holmes Oil Co.
Sector	Distribution
Buyer(s)	Refuel
Deal Type	Add-on Acquisition
Advisor(s)	BMO Capital Markets (Financial) Manning Fulton (Legal)

Target Company

Holmes Oil Co.

Chapel Hill, North Carolina, United States

Holmes Oil Co. is a conglomerate of divisions distributing wholesale fuel, operating convenience stores, and developing commercial real estate. Holmes Oil was formed in 1997 and is based in Chapel Hill, North Carolina.

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Buyer Overview 1

Buyer

Refuel

North Charleston, South Carolina, United States

Category	Company
Founded	2008
Sector	Distribution

DESCRIPTION

Refuel is a retail fuel distribution and convenience store sector. Refuel was founded in 2008 and is based in North Charleston, South Carolina.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Distribution	1 of 1
Type: Add-on Acquisition	2 of 2
State: North Carolina	1 of 1
Country: United States	2 of 2
Year: 2020	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-02-22	Markette Hartsville, South Carolina, United States West Oil, Inc. is owned retail fuel stores operating primarily in the northeastern region of South Carolina under the proprietary Markette store and West Oil fuel brands.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2019-02-22

Markette

Hartsville, South Carolina, United States

West Oil, Inc. is owned retail fuel stores operating primarily in the northeastern region of South Carolina under the proprietary Markette store and West Oil fuel brands.

Buy

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