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4Refuel |
Business Description
4Refuel is the Canadian market leader and among the largest North American providers of on-site refueling and fuel management services. 4Refuel delivers diesel fuel directly to clients' vehicles and equipment on a 24/7 basis, saving customers the time, expense, and liability associated with managing their own refueling. The customer base includes a significant number of Fortune 500 companies and represents a range of industries including transportation, construction, rail, oil and gas, and marine. The Company operates primarily in Canada through corporate-owned operations in major centres and a small number of franchises in more remote areas. As part of its service offering, 4Refuel provides each client with Fuel Management Online (FMO), an industry leading and proprietary web-based application that enables clients to review detailed real-time data on refueling and consumption by vehicle, analyze price history, confirm deliveries and manage fuel budgets.
Investment Thesis
TorQuest invested in 4Refuel based on the company's strong track record of growth, leading market position, unique service offering, competitive barriers, and outstanding customer loyalty and advocacy. We have identified several avenues to accelerate the growth the business and we intend to invest significantly in these opportunities. 4Refuel is led by an exceptional management team which has partnered with us in this investment.
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