RaceTrac Petroleum, Inc.

  • Overview

RaceTrac Petroleum hopes it's a popular pit stop for gasoline and snacks in the Southeast. The company operates more than 630 gas stations and convenience stores in five southeastern states under the RaceTrac and RaceWay names. (RaceWay stores are operated by independent contractors.) The chain plans to grow by expanding its store count by about 10% a year. Carl Bolch founded RaceTrac in Missouri in 1934. His son, chairman Carl Bolch Jr., moved the company into high-volume gas stations with long, self-service islands that can serve as many as two dozen vehicles at one time. RaceTrac's convenience stores sell fresh deli food and offer some fast-food fare. The Bolch family owns and runs the company.

Geographic Reach

Atlanta-based RaceTrac Petroleum operates stores in Florida, Georgia, Louisiana, and Texas.

Financial Performance

One of the largest private companies in the US, Racetrac Petroleum's stores rang up more than $9 billion in sales in 2012.

Strategy

RaceTrac prefers to build its own stores from the ground up rather than grow through acquisitions. Indeed, in the past 15 years the company has only bought one store. Recently, RaceTrac has been increasing the number of independently-operated RaceWay stores in its portfolio. (While the RaceWay stores are operated by independent contractors, RaceTrac stills owns and controls the gasoline business and real estate.) It has also consolidated its company-operated stores into four key markets: Atlanta, Dallas, Florida, and Louisiana.

RaceTrac Petroleum got a new leader, Allison Moran, in 2013. Moran, who led the RaceTrac company-operated stores division before her promotion to CEO, succeeded Carl Bloch Jr. (who retained the chairman's title). Moran is Bloch's eldest daughter.

▲ Show Less▼ Show Full Description


RaceTrac Petroleum, Inc.


3225 Cumberland Blvd Se #100
Atlanta, GA 30339-6408
Phone: 1 (770) 431-7600
Fax: 1 (770) 2400725
www.racetrac.com

STATS


  • Employer Type: Private
  • CEO: Allison Moran
  • President: Max Lenker
  • CEO: Allison Moran

Major Office Locations

  • Atlanta, GA
  • Atlanta, GA