ARKO Corp. purchases certain assets of Quarles Petroleum, Inc.
ARKO Corp., one of the largest convenience store operators and fuel wholesalers in the United States, announced that GPM Investments, LLC, a wholly owned subsidiary of ARKO, acquired certain assets from Quarles Petroleum, Inc., including 121 proprietary Quarles-branded cardlock sites, management of 63 third party cardlock sites for fleet fueling operations, 46 independent dealer locations, including certain lessee-dealer sites, and a small transportation fleet. Arko Corp will retain nearly 100 Quarles Petroleum, Inc. employees.
The Quarles Acquisition includes proprietary cardlock locations that fulfill the fuel needs of multiple industries at easily accessible, unmanned fuel sites in prime locations in Virginia, North Carolina, Maryland, Pennsylvania, and the District of Columbia, management of third-party fueling sites, and the marketing of fuel cards that give customers access to a nationwide network of fueling sites. Read more about ARKO Corp., and the Quarles acquisition.