Quarles Petroleum, Inc., a regional provider of residential and commercial fuel headquartered in Fredericksburg, has signed a purchase agreement to acquire Revere Gas, a third-generation, family-owned retail propane gas distributor based in Hartfield. The purchase is expected to close by the end of the year.
“The Revere Gas delivery area complements our existing delivery territory in central Virginia and expands our presence in eastern Virginia” said Paul Giambra, CEO of Quarles Petroleum.
One of the largest retail propane distributors in the state, Revere Gas was established in 1942 by H.L. Revere. Today, Revere serves more than 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.
“Our customers and team members will be in great hands,” said Carlton Revere, the president and CEO of Revere Gas.
The Revere family will retain ownership of their Hartfield headquarters building.