Quarles Petroleum, Inc., a regional provider of residential and commercial fuel headquartered in Fredericksburg, Virginia, signed a purchase agreement to acquire Revere Gas, a third generation, family-owned retail propane gas distributor based in Hartfield, Virginia. The purchase is expected to close by the end of the year, according to a news release.
“The Revere Gas delivery area complements our existing delivery territory in central Virginia and expands our presence in eastern Virginia,” commented Paul Giambra, CEO of Quarles Petroleum. “As family-owned businesses our companies share the same core values of providing superior service to our customers and giving back to the communities we serve. We look forward to welcoming Revere customers to Quarles, and pledge to deliver the same high caliber of customer service they’ve come to expect.”
A retail propane distributor, Revere Gas was established in 1942 by H.L. Revere. Today, Revere serves over 25,000 residential, commercial, agricultural, industrial and governmental customers from field offices in Burgess, Fredericksburg, Gloucester, Hartfield, Oilville/Richmond, Providence Forge, Warsaw and Williamsburg and a rail terminal in West Point, Virginia.
“Our customers and team members will be in great hands,” Carlton Revere, the president and CEO of Revere Gas, said in a Dec. 4 announcement. The Revere family will retain ownership of the Hartfield headquarters building to support its other family business ventures.
Established in 1940 as a one-truck oil company in Warrenton, Virginia, Quarles Petroleum is a regional provider of residential propane and oil, commercial delivered fuels, fleet card sites and services, and lubricants. For more information about Quarles Petroleum visit quarlesinc.com.