RaceTrac Acquires Gulf Oil, Expanding Brand Presence and Fuel Supply Operations Across the U.S. and Puerto Rico.

RaceTrac, Inc., a family-owned, high-growth leader in the convenience store industry, has completed the acquisition of Gulf Oil, LLC, acquisition of its wholly-owned wholesale fuel supply and trading subsidiary, Metroplex Energy, Inc. The transaction has received appropriate regulatory approvals and all closing conditions have been satisfied. As part of the transaction, RaceTrac acquires Gulf’s iconic brand in the US and Puerto Rico, all Gulf-branded distributor and license agreements, approximately 1,100 branded sites, and exclusive rights to market fuel at eleven Massachusetts Turnpike service plaza locations. The acquisition adds another renowned consumer-facing brand to RaceTric’s family of companies and provides an immediate opportunity for growth through geographic expansion, scale and diversification. To provide a seamless transition to current Gulf customers, distributors and licensees with Gulf’s direction and continuity, Metrolex has appointed Ron Sabia as Chief Operating Officer of the acquired Gulf entity.