INDIANOLA, Miss. (AP) - A South Carolina company is buying a convenience store chain based in Mississippi’s Delta region.
Refuel Operating Co. of Charleston, South Carolina, announced the purchase Thursday of Double Quick, based in Indianola, Mississippi.
The companies didn’t disclose a price or other terms. The sale will be completed latest this year.
Double Quick has 41 stores in Mississippi and eight in Arkansas. It has been run by Tom Gresham and Bill McPherson. McPherson says the current owners will retain other operations associated with Gresham Petroleum Co., a fuel distributor. Refuel will keep using the Double Quick name for now.
Connecticut-based private equity firm First Reserve bought Refuel in early 2019, seeking to create a large regional convenience store company. Since then, Refuel has bought a number of other convenience stores in South Carolina.
Refuel CEO Mark Jordan noted Double Quick’s strength in food service. The company is also a franchisee for Church’s Chicken and Krystal restaurants in the two states.
Gresham Petroleum started Double Quick in 1983, and Tom Gresham called the decision to sell “bittersweet. The Greshams have long been an influential Mississippi family, with Tom Gresham serving as the president of the Mississippi Economic Council, the state chamber of commerce, in 2006-2007.
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