FastLane C-Store Owner Acquires 18 Abel’s Quick Shops

The deal allows Warrenton Oil Company to expand its farm and commercial fuel business.

October 05, 2021

Inside of a Fastlane Convenience Store

TRUESDALE, Mo.—Warrenton Oil Company, which operates FastLane Convenience Stores, has acquired Abel Oil Company and 18 Abel’s Quick Shops, a Missouri-based company located in Louisiana and Missouri.

“The addition of these stores will allow us to better serve our customers and their communities throughout northeast Missouri,” said Wayne Baker, president and CEO of Warrenton Oil Company in a press release. “We are excited to expand our farm and commercial fuel business footprint and serve the many customers of Abel Oil.”

The deal, which is expected to close by the end of 2021, will significantly expand Warrenton Oil’s presence into Audrain, Ralls, Monroe and Pike counties, the company said.

Warrenton Oil Company is a family-owned and operated convenience store chain established in 1972 in St. Charles, Mo., with more than 700 employees. The company operates 37 FastLane locations throughout Central and Eastern Missouri. 

Abel Oil was founded in 1940 by the Abel brothers, Ray, Alfred and Charles. The first five years of their partnership was interrupted by World War II when all three brothers were drafted into the military. In 1946, the brothers continued the operation of the oil company with each brother working in a different area of the business. In 1957, Charles Abel was named president and the sole owner of the company until his passing in 1986. The business continued to be operated by the Abel family with Mark Abel as president and Randy Anderson as CFO.

Mark Abel stated the family has enjoyed many years in the petroleum and convenience store industry and felt that now was the time for them to retire. They will miss the many friends and customers they have had over the past 81 years and are happy to have Warrenton Oil a family-owned business like theirs to continue serving the many customers and friends they have had over the years.

“We are well acquainted with Warrenton Oil Company and the Baker family and are assured that their values and culture mirror ours. As Abel Oil Company’s successor, our reputation and legacy, and our valued customers and vendors will be in good hands,” said Mark Abel.

Advertisement
Advertisement
Advertisement