We are talking about a private third generation family-owned corporation that is known for its gasoline service stations across Southern United States since 1934. The corporation is operating at almost 670 locations with 7,450 employees on service and is headquartered in Atlanta, Georgia, United States. Recently according to a report the company business turned out with revenue of $9.1 billion in financial year of 2013 thus becoming the third largest private company in Georgia.
When it came into existence?
The company was opened by Carl Bolch Sr. in 1934 in St. Louis Missouri having its first store under name Carl Bolch Trackside Stations. The company made progress on its way by acquiring Oil Well Company of OPP, Alabama in 1959. Further the business was succeeded by Carl’s son, Carl Bolch Jr. who joined the work in 1967. He brought forward the brand name of company RaceTrac and also added up the network of local contract operated stores like RaceWay under their petroleum branch. They have transformed the business by making certain up gradation in
payments modes like accepting credit cards, debit cards and fleet cards from their customers plus have high-volume gas stations with long, self-service islands that can serve as many as two dozen vehicles at one time.
In 2012, Carl Bolch Jr. announced his daughter, Allison Bolch Moran to take over the company as CEO while he be there as Chairman of the Board. They have now expanded their reach in Florida, Georgia, Louisiana, Texas and Mississippi with four operating divisions: RaceTrac, RaceWay, Energy Dispatch and Metroplex Energy.
What makes it important?
They are working hard in bringing change in your journey by refuel and recharging whether one is running to work or having fun. They are available at more than 600 RaceTrac locations in South with over 4,000 items to make you keep going on roads. Aside from their own operated stores under their brand name they are also working on third-party contract operated stores under name RaceWay in 12 southern states.
The company also got ranked for consecutive five years as the largest private companies by Forbes Magazine since 2009. Their other awards include the 2012 CSNews’ Retailer Innovator of the Year and being the Best Place to Work by the South Florida Business Journal in 2012. In 2013, it partnered with Fifth Third Bancorp to install ATMs at 225 RaceTrac convenience stores in Georgia and Florida. In 2014, the chain build new stores in key markets like Florida and the following year sold five retail operations in Florida to Town Star Holdings.
In the end, they are working on a strategy to build its own stores from the ground rather than growing through acquisitions thus becoming a popular pit stop for gasoline and snacks in the South.