Fredericksburg-based Quarles Petroleum acquires heating oil companies
Fredericksburg-based Quarles Petroleum Inc. has purchased two heating oil companies from Petroleum Marketers Inc. in Roanoke. Financial terms of the deal were not disclosed.
The acquired companies, Whiting Oil Co. and Northern Neck Oil Co., provide heating oil, gasoline and diesel products to residential and commercial customers. They are based in Culpeper and Warsaw, respectively.
The Whiting Oil customer in Culpeper will be serviced from Quarles’ Culpeper facility and the Northern Neck Oil customers will continue to be serviced from Warsaw.
Quarles is a family-owned business that provides heating oil, gasoline and diesel. It also operates 120 commercial fuel stations throughout the mid-Atlantic, delivers bulk and packaged lubricants and offers fuel solutions. It has been in business for 75 years.
Petroleum Marketers recently sold two other fuel oil companies to Chatham-based Davenport Energy Inc. They were APB Whiting Oil Co. in Roanoke and Whiting Jamison Oil Co. in Covington.