About Quarles Petroleum
Quarles Petroleum is a company based in Fredericksburg (United States) founded in 1940 was acquired by Matrix Capital Markets Group in July 2022. It operates as a B2B2C, and Subscription Services. The company has 256 employees as of December 31, 2022. Quarles Petroleum has completed 3 acquisitions, including Colonialfueloil, Dixie Gas & Oil and Revere Gas. Quarles Petroleum offers products and services including Fleet Fuel Cards, On-Site Fueling, DEF (Diesel Exhaust Fluid), Lubricants, and GPS Fleet Management.
- Headquarter Fredericksburg, United States
- Employees 256 as on 31 Dec, 2022
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Quarles Petroleum, A Division Of Gpm Empire, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
256
as on Dec 31, 2022
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Investments & Acquisitions
Colonialfueloil
& 2 more
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Acquired by
Matrix Capital Markets Group
(Jul 25, 2022)
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Products & Services of Quarles Petroleum
Quarles Petroleum offers a comprehensive portfolio of products and services, including Fleet Fuel Cards, On-Site Fueling, DEF (Diesel Exhaust Fluid), Lubricants, and GPS Fleet Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fuel cards are provided for fleet fueling access nationwide.
On-site fueling stations are installed for business convenience.
DEF is supplied to reduce emissions in diesel vehicles.
Bulk lubricants are delivered for fleet maintenance needs.
GPS technology is offered for fleet tracking and insights.
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Funding Insights of Quarles Petroleum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Quarles Petroleum
Quarles Petroleum has secured backing from 1 investor. Prominent investors backing the company include Matrix Capital Markets Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment banking services focused on mergers, acquisitions, capital advisory, and valuations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Quarles Petroleum
Quarles Petroleum has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Colonialfueloil, Dixie Gas & Oil and Revere Gas. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Distributor of petroleum products
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1946 | ||||
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Propane gas is distributed to residential, commercial, and agricultural users.
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1942 | ||||
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Provider of heating oil and propane delivery services
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Quarles Petroleum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Quarles Petroleum Comparisons
Competitors of Quarles Petroleum
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Quarles Petroleum
When was Quarles Petroleum founded?
Quarles Petroleum was founded in 1940.
Where is Quarles Petroleum located?
Quarles Petroleum is headquartered in Fredericksburg, United States. It is registered at Fredericksburg, Virginia, United States.
How many employees does Quarles Petroleum have?
As of Dec 31, 2022, the latest employee count at Quarles Petroleum is 256.
What does Quarles Petroleum do?
Quarles Petroleum is involved in providing fuel and lubricant solutions for fleets across the United States. The company operates over 175 cardlock fueling stations and partners with 98 of nationwide retail fueling sites to ensure accessibility. Premium diesel, diesel exhaust fluid, biodiesel, and unleaded gasoline are offered alongside on-site fueling setups for businesses. Flexible fleet fuel cards are provided with features like tiered discounts, detailed reporting, and GPS tracking for fleet management. National lubricant brands are delivered in bulk to support fleet maintenance. The focus is placed on quality fuel, exceptional customer service, and tailored solutions for fleet operators in the energy sector.
What products or services does Quarles Petroleum offer?
Quarles Petroleum offers Fleet Fuel Cards, On-Site Fueling, DEF (Diesel Exhaust Fluid), Lubricants, and GPS Fleet Management.
How many acquisitions has Quarles Petroleum made?
Quarles Petroleum has made 3 acquisitions, including Colonialfueloil, Dixie Gas & Oil, and Revere Gas.
Who are Quarles Petroleum's investors?
Quarles Petroleum has 1 investor. Key investors include Matrix Capital Markets Group.