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Mechanicsville petroleum player sold to Fredericksburg company
Mechanicsville-based Colonial Fuel Oil has sold its petroleum distribution business to Quarles Petroleum, a Fredericksburg-based company with customers in Virginia, West Virginia ... Tech graduate covers residential real estate, the advertising/marketing ...
Jonathan Spiers January 16, 2018 0
A Quarles tanker and employee during a fueling service(Quarles)After a 69-year run, a local fuel company is hanging up the pumps after being purchased by a larger peer.Mechanicsville-based Colonial Fuel Oil has sold its petroleum distribution business to Quarles Petroleum, a Fredericksburg-based company with customers in Virginia, West Virginia, Maryland, Delaware, Pennsylvania and North Carolina.The deal closed Dec21Terms were not disclosed.Quarles, which operates fuel distribution centers across Virginia, will consolidate its Richmond distribution operations at the Colonial Fuel Oil property at 5279 Mechanicsville TurnpikeColonial Fuel’s five delivery and service employees have been hired by Quarles.Quarles CEO Paul Giambra said Colonial Fuel was looking to sell as president Art Cassanos reached retirement ageHe said Cassanos operated Colonial Fuel for his family, which had owned and run the business the past 41 years.
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