Charleston-based Refuel Operating Co. will expand to 208 stores in the Southeast after an acquisition of North Carolina-based Eagles Enterprise LLC.
The convenience store chain will add 13 new stores in the Raleigh-Durham area in North Carolina. Refuel CEO Mark Jordan said in a statement that the acquisition will “fit nicely within the Refuel portfolio.” The Eagles transaction is the company’s 14th acquisition since a partnership with private-equity investment firm First Reserve in 2019.
Meanwhile, another local business, global chemical maker Ingevity Corp., said it had $482 million in third-quarter revenues – a whopping 23% increase from the year prior. Its quarterly profit was more than $75 million.
In other headlines:
Charleston Pride Festival returns after three years. Charleston Pride Week kicks off Sunday with eight days of activities to educate, celebrate, honor and advocate the importance of the Lowcountry’s LBGTQ community. And on Nov. 12, it will host the return of the Charleston Pride Festival for the first time since 2019.
Charleston considers using $16.5M to increase employee pay. Charleston city leaders are in the process of discussing allocating $16.5 million in the budget for 2023 to increase the pay of city workers. The total amount would increase wages by 12% and adjust minimum wage to $17 per hour.
Charleston school board candidate raises over $100K. Pam McKinney, a candidate for the Charleston County School District’s board of trustees, has received over $100,000 in funds for her campaign. The amount is unusual for a school board race, and thousands more than what the other 31 candidates have raised.
Coast Guard rescues 3 men near Charleston Harbor. Three men were capsized just five miles away from Charleston Harbor and stranded for 90 minutes before being rescued by the Coast Guard on Nov. 3. The three men sustained no medical concerns.
Cheerleading group hires defamation lawyer in Rockstar Cheer lawsuits. Varsity Spirit, competitive cheerleading’s premier commercial entity, has officially hired a defamation lawyer in response to the allegations of sexual abuse in the Rockstar Cheer lawsuits. The organization claims the hiring of defamation lawyers is not intended to intimidate victims from coming forward.
- To get dozens of South Carolina news stories every business day, contact the folks at SC Clips.
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