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RaceTrac

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RaceTrac Petroleum. Inc.
Company typePrivate
IndustryRetail (convenience stores)
Founded1934
HeadquartersAtlanta, Georgia
Key people
Carl Bolch Jr., chief executive officer
Number of employees
4,000+
Websitewww.racetrac.com

RaceTrac Petroleum, Inc., is a corporation that operates a chain of gasoline stations and convenience stores across the Southern United States. The firm is Georgia’s third largest private company, with sales of $4.9 billion in 2007.

History

The company was founded by Carl Bolch Sr. in 1934 in St. Louis, Missouri, with his first stores operating under the name Carl Bolch Trackside Stations. In 1959, Bolch relocated and acquired the Oil Well Company of Opp, Alabama, which consisted of numerous independent outlets across rural Alabama.

His son, Carl Bolch Jr., who succeeded his father as chief executive, joined the company in Montgomery, Alabama in 1967. After pioneering [citation needed] the concept of self-service gasoline in Alabama, Florida, and Georgia, the company relocated its headquarters in 1976 to Atlanta, Georgia, and adopted the brand “RaceTrac” for its company-operated stations. RaceWay stations, operated by contractors, continue as a part of RaceTrac Petroleum.

In the 1990s RaceTrac operated as a cash-only business, but it now accepts credit and debit cards.

Locations

RaceTrac Petroleum operates more than 525 retail gasoline convenience stores in 12 southeastern states under the RaceTrac and RaceWay names. A standard RaceTrac features 20 to 24 fueling positions and a 4,000-square-foot or larger convenience store.

Stores under the RaceTrac name can be found in Florida, Georgia, Louisiana, and Texas.

RaceWay-branded locations are in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North and South Carolina, Tennessee, Texas and Virginia.

Community affairs

In January 2009, RaceTrac paid for the fuel for a trip taken by the Blue Eagles, a 95-member marching band from South Cobb High School in Austell, Ga., to travel to Washington, D.C., and march in the inaugural parade for President-elect Barack Obama It also donated 1,800 meals for band members to eat during their rehearsals.[1]

Awards and acknowledgements

The company was ranked No. 61 on Forbes magazine’s list of the largest private companies in 2007 Cite error: The <ref> tag has too many names (see the help page)., and in 2009 it was named by the Dallas Business Journal as one of the top "Best Places to Work" in the Dallas-Fort Worth area. [2]. CEO Carl Bolch, Jr. is slated for induction into the Convenience Industry Hall of Fame in November 2009. [3]

References