CHARLOTTESVILLE, VA (CVILLE RIGHT NOW) – Charlottesville-based family-owned Tiger Fuel continues to expand. Tiger Fuel Company announces today (Tuesday) the acquisition of Anderson Oil Company and Anderson Propane Service, Inc which is headquartered in Fredericksburg. A Tiger Fuels release says “with this investment, Tiger Fuel expands its service area in central Virginia to now include the greater Fredericksburg market”.

The release continues, “With a similar corporate foundation, the move provides Tiger Fuel the ability to continue to grow smartly in the state, following previous investments in the Orange, Greene, Buckingham, Lovingston and Appomattox regions of Virginia.”

The full Tiger Fuel release is below:

TIGER FUEL COMPANY TO ACQUIRE ANDERSON OIL COMPANY & ANDERSON PROPANE SERVICE

Acquisition Expands Tiger Fuel’s Footprint to Greater Fredericksburg Area

Charlottesville, VA – April 16, 2024 – Central Virginia-owned and family-operated fuel distributor, Tiger Fuel Company announced today the acquisition of Anderson Oil Company and Anderson Propane Service, Inc. of Fredericksburg, Virginia. With this investment, Tiger Fuel expands its service area from Central Virginia to now
include the greater Fredericksburg market. Combined, the two fuel companies have more than 90 years of experience in the oil & gas industry, a strong foundation that Tiger Fuel will leverage for the next phase of its operations.

The acquisition joins two like-minded companies. Both Tiger Fuel and Anderson have dedicated more than four decades to investing in employees, customer service, and best practices for safely providing local businesses and
families a variety of energy products. With a similar corporate foundation, the move provides Tiger Fuel the ability to continue to grow smartly in the state, following previous investments in the Orange, Greene, Buckingham,
Lovingston and Appomattox regions of Virginia.

Anderson Oil Company’s 38 employees will join Tiger Fuel’s employee base of nearly 400 team members across four brands, including a car wash brand TigerWash, a gourmet to go convenience store chain, The Markets by Tiger, and a commercial and residential solar contractor, Tiger Solar.

“I am extremely proud of the work we have been able to do here and that is evident in our sale to Tiger. When you have two like-minded companies that put employees and customers first and honor that commitment, it’s an easier way to exit this industry,” said Mark Anderson, President of Anderson. “In many ways, Tiger Fuel has been charting a parallel path, focusing on its employees, customers, and communities. There is no better steward for our company, and we close this chapter of the Anderson Family confident our family business is in the capable hands of Tiger.”

“It became clear during our early discussions that our two companies had more in common than we ever anticipated,” said Gordon Sutton, President of Tiger Fuel Company. “As we bring Tiger Fuel to the greater Fredericksburg area, we are confident that our approach to employee enrichment, customer service, and charitable giving will feel like business as usual to Anderson’s customers and community. We are honored that Mark and the Anderson team have entrusted us to continue their legacy, and are very excited to grow our operations into a new
market.”

The two companies plan to close in the second quarter of this year.