The Kent Companies, parent company of Kent Kwik, announced that it has acquired Birmingham, Alabama-based DC Oil Company. With the move, The Kent Companies marks its eighth operating state.
The acquisition includes 13 Chevron Texaco-branded convenience stores, a fuel transportation fleet and a portfolio of dealer accounts. According to a company press release, the transaction not only enhances The Kent Companies’ footprint in Texas and the southeast, but also “reaffirms its commitment to growing the Kent Kwik brand while providing quality service and products to our loyal guests.”
The Kent Companies stated that it will retain the Chevron Texaco branding for fuel while rebranding the stores to Kent Kwik.
The company also announced plans to expand with new stores in Alabama and the other southeastern states it currently operates in. With the transaction, The Kent Companies’ total store count now stands at 104 locations. The company also supplies fuel to an additional 150-plus dealer sites across six states.
Bill Kent, the owner of The Kent Companies, expressed enthusiasm about the acquisition and the rebranding strategy, stating, “We are thrilled to welcome DC Oil Company into the Kent family. Our plan to maintain Chevron Texaco fuel ensures a seamless transition for our guests while the rebranding to Kent Kwik represents our commitment to delivering exceptional quality and convenience.”
“I could not be more pleased with the sale to The Kent Companies. Bill Kent and his team have been extremely professional throughout the entire process. My biggest concern when choosing a buyer was my employees. I am confident now that I made the right decision” said David Collins, the owner of DC Oil Company.
Kent added, “David Collins has a great team and as a long-time friend, I’m honored David would choose us to continue his legacy. Besides the quality of David’s stores, team members and operation, we are really excited to expand our relationship with Chevron in Alabama and throughout the southeast.”
In March 2023, Kent Kwik purchased Florida’s Tom Thumb Food Stores. The acquisition included 14 company-operated Tom Thumb Food Stores and three Subway franchise locations.