Next up is the acquisition of Wag-A-Bag LLC, which was announced in May 2021. Headquartered in Round Rock, Texas, Wag-A-Bag was founded in 1964 by the Rabb family and operates 16 convenience stores in the greater Austin market. This transaction will mark Refuel's entry into Texas.
"The Rabb family has built a great company over the years and has established a reputation of providing incredible customer service and a superb shopping experience to its customers," said Jordan. "We look forward to welcoming their employees to the Refuel family. In addition, we are excited about expanding Refuel's network of stores into the very attractive and rapidly growing central Texas market. We are thrilled to add such an exceptional business to the Refuel platform."
Subject to customary closing conditions, including regulatory approval, the deal is expected to close in the third quarter of 2021. Once completed, Refuel's total store count will increase to 130 locations.
Looking ahead, the company has even more aggressive growth plans for the future.
"Our mission is to grow three to four times our current store count size and be a best-in-class convenience store chain," Jordan said.