Quarles Petroleum Acquires Revere Gas
Quarles Petroleum Inc., a regional provider of residential and commercial fuel based in Fredericksburg, Va., 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,” said Paul Giambra, chief executive 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, Va.
“Our customers and team members will be in great hands,” said Carlton Revere, president and chief executive of Revere Gas.
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, Va., 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 www.quarlesinc.com.
Sharp Energy Acquired R.F. Ohl
In another industry acquisition, Sharp Energy has acquired the propane sales and delivery business of R.F. Ohl of Lehighton, Pa.
“This acquisition is a strategic fit for our family of businesses and will extend Sharp Energy’s reach to new customers, communities and businesses in Pennsylvania,” said Michael P. McMasters, president and chief executive of Chesapeake Utilities Corp., parent company of Sharp Energy. Chesapeak is based in Dover, Del.
R.F. Ohl, a family-owned and operated company founded in 1984, sold and delivered propane to more than 2,500 residential and commercial propane customers in Carbon, Monroe, Northampton, Lehigh, and Schuylkill counties in Pennsylvania. The deal was brokered by Cetane Associates and Angus Finance.
“We made a strategic decision to sell our propane business and focus on our heating oil and heating, ventilation and air-conditioning (HVAC) business,’’ said Steve Ohl. “Sharp was the perfect fit for us as they do not sell heating oil or provide HVAC service.”
R.F. Ohl will continue to service the HVAC needs of propane customers while Sharp Energy will sell and deliver the propane, according to R.F. Ohl.
Sharp Energy is based in Georgetown, Del. It distributes propane to about 39,000 residential, commercial and industrial customers in Maryland, Delaware, Virginia and Pennsylvania.
It also operates four rail facilities and has more than 2.5 million gallons of propane storage.
Sharp Energy is a partner of Alliance AutoGas, a national network of companies that delivers alternative fueling and EPA-certified propane AutoGas vehicle conversions. It also delivers on-site fueling infrastructure, fuel supply, safety and operational training, and ongoing technical support.