RaceTrac’s wholly owned fuel supply and trading subsidiary, Metroplex Energy, has named Ron Sabia as chief operating officer of its newly acquired Gulf Oil unit, according to a Thursday press release.
Sabia has a long history with Gulf, having served as the company’s president from 2008 to 2016, according to his LinkedIn bio. Before that, he was Gulf’s COO from 2005 to 2008.
During his tenure, he oversaw the company’s expansion from 11 states to 36 plus Puerto Rico. In addition to growing the branded fuel offering, the company also nearly tripled its unbranded business during Sabia’s tenure, according to his LinkedIn page.
Once he left his role in 2016, he served for one more year on Gulf’s Board of Directors.
Overall, Sabia has nearly 30 years of experience in the petroleum industry, including six years as manager of wholesale sales and trading with BP.
Metroplex’s acquisition of Gulf was initially announced in July and has now officially closed. RaceTrac’s subsidiary now owns the Gulf brand in the U.S. and Puerto Rico along with distributor and license agreements for about 1,100 sites and exclusive rights to market fuel at 11 Massachusetts Turnpike service plazas.
“Customers, distributors and licensees have looked to the Gulf brand for quality and dependability for over 100 years and we are excited to announce its addition to the RaceTrac family,” said RaceTrac CEO Max McBrayer. “The timeliness of this transaction represents an immediate opportunity for growth through geographic expansion, scale and diversification.”
Terms of the deal were not made public. The closing of this acquisition will not affect any existing RaceTrac c-stores, the press release said.
Atlanta-based RaceTrac operates more than 570 convenience stores across Georgia, Alabama, Florida, Kentucky, Louisiana, Mississippi, Texas and Tennessee. It also operates or franchises over 200 RaceWay locations in 11 states along the lower East Coast and the South.