FleetCor Technologies, Inc. (NYSE:FLT), a leading global provider of fuel cards and workforce payment products to businesses, announced today that it has signed a long-term agreement to provide a new fuel card solution for Quarles Petroleum. Under the terms of this agreement, FleetCor will provide a set of outsourcing services to include credit and collections, transaction processing and overall program reporting. The Company expects to begin implementation of the program later this year.
Quarles Petroleum is now in its seventh decade of operations. With the largest network of private commercial fueling sites on the East Coast, Quarles operates fleet fueling stations in Virginia, Maryland, Delaware, Pennsylvania, West Virginia and North Carolina.
“We couldn’t be more delighted to be entering into this partnership with Quarles,” said Ron Clarke, FleetCor’s chairman and CEO. “Quarles is looking to expand its commercial fueling business and we are excited that they have chosen FleetCor as their partner.”
Quarles President, Paul Giambra stated, “At Quarles we are constantly working to provide our customers with programs, features and benefits to help them improve the management of their fleets. The relationship with FleetCor enables us to provide another best-in-class program to our fleet customers.”About FleetCor FleetCor is a leading global provider of fuel cards and workforce payment products to businesses. FleetCor’s payment programs enable businesses to better control employee spending and provide card-accepting merchants with a commercial customer base that can increase their sales and customer loyalty. FleetCor serves commercial accounts in North America, Latin America, Europe, and Australia and New Zealand. For more information, please visit http://www.fleetcor.com. About Quarles What began as a one-truck, family oil business in 1940, is today a family-owned corporation that employs more than 250 people across 7 states. Quarles Petroleum is a mid-Atlantic distributor of heating oil, propane, gasoline, diesel fuel, service station brands, and fleet fueling services . For more information, please visit http://www.quarlesfleetfueling.com.