September 28, 2016 9:23 AM ET

Industrial Conglomerates

Company Overview of Gate Petroleum Company, Inc.

Company Overview

Gate Petroleum Company, Inc., doing business as Gate Fleet Services, operates in retail, construction materials, hospitality, and commercial land development sectors. The company operates convenience stores throughout the Southeast; precast concrete plants that specialize in structural and architectural precast concrete products; a host of real estate ventures; hospitality properties; and fuel and fleet services businesses. It supplies fuel for locations in Florida, Georgia, and the Carolinas; and develops commercial and residential land in Northeast Florida. The company was founded in 1960 and is based in Jacksonville, Florida.

9540 San Jose Boulevard

Jacksonville, FL 32241-3627

United States

Founded in 1960

Phone:

904-737-7220

Fax:

904-732-7660

Key Executives for Gate Petroleum Company, Inc.

Chairman, Chief Executive Officer and President
Age: 84
Vice President of Marketing
Compensation as of Fiscal Year 2016.

Gate Petroleum Company, Inc. Key Developments

GATE Petroleum Company and Protec Fuel to Offer Both E85 and E15 Products

With the opening of its new store at 7099 Collins Rd., GATE Petroleum Company will now offer both E85 and E15 products. To celebrate its grand opening, Protec Fuel and GATE offer a fuel price discount, giveaways and fun activities. From 6 a.m. - 6 p.m. July 14, the company is offering E15 fuel for $0.15 under regular gasoline pricing, and E85 for $0.85 under regular gas. GATE introduced the higher-octane E15 ethanol blend to north Florida on July 14, along with E85 fuel, which can both be used in Flex-Fuel vehicles (typically, though, E15 can run in any 2001 and newer gasoline vehicle). This marks important growth of emissions-reducing, renewable fuels in this area. Per Florida regulations, all 2001 or newer gasoline engines can run E15 starting Sept. 16; current regulations only allow the use of E15 in flex-fuel vehicles (FFVs) between June 1 and Sept. 16.

Lingerfelt Reprotedly Under Contract To Acquire Riverplace Tower

Lingerfelt CommonWealth Partners LLC is under a contract to acquire Riverplace Tower from Gate Petroleum Company, Inc., Jacksonville Business Journal reported citing two sources familiar with the deal. The price of the acquisition, which is expected to close within about a month, is not known. Lingerfelt CommonWealth Partners LLC declined to comment about Riverplace Tower, citing the need for "sensitivity and confidentiality on any prospective activities." Gate Petroleum Company, Inc. did not return messages left with several people at the company.

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