A G Lee Oil

A. G. Lee Oil Company was originally started in 1948 in Kenly, North Carolina by Albert G. Lee, Sr., as a supplier of home heating oil and gasoline products for farming. In 1964, Albert G. Lee, Jr. acquired the business, incorporated it and appropriately changed the name to A.G. Lee Oil Company, Inc. In 1965, the company moved its operation to Smit... hfield, NC and within a year, purchased its first oil tanker transport truck, having acquired the rights to supply the Atlantic Richfield (ARCO) brand of gasoline products to customers. In 1967, the company purchased its first service station and a second station was acquired in 1969. In 1978, the company purchased a truck stop, known as AG's Truck Stop, on I-95 in Smithfield. The company's operations were moved at that time to the AG's Truck Stop location. At that time, a division was formed known as AG's Restaurant, Inc. which was the restaurant inside the truck stop. In 1980, the Atlantic Richfield (ARCO) brand was dropped and the rights to sell the Phillips 66 brand were acquired. In 1982, the home heating division was sold and the two service stations were converted to convenience stores. A company strategy was developed to expand through acquisitions and further development of convenience stores. In 1983, AG's Truck Stop was leased and the company's operations center was moved back to its original site in Smithfield. In 1984, the company gained the right to sell the Texaco (Star Enterprises) and Shell brands of petroleum products. By 1985, the company included five convenience stores, one truck stop and a petroleum products distributorship division. In 1995, A.G. Lee Oil Company, Inc. included over 110 employees, 16 convenience stores located throughout eastern North Carolina, and a petroleum products distribution division. In that same year, the company received the rights to sell Citgo brand petroleum products. The company's business strategy still involved one of growth through selected acquisition and development of convenience store sites, and an ...Read More