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CATO INC

Company Summary

Description

Founded in 1960 by Elliott T. Cato, Cato Gas & Oil celebrates 50 years of family tradition. Under the leadership of Michael G. Abercrombie and Michael G. Abercrombie, Jr. Cato Gas & Oil has blossomed into a diversified energy company. Cato continues to support the Delmarva area and looks forward to celebrating another 50 years!

Website

http://catooil.com/About-Us/History

Recent news

  • 10/11/2021 - Sunoco Closes on... (subscriber access)
  • 8/2/2021 - Sunoco Acquiring Nine... (subscriber access)

Company Transactions

Date: 10/15/2021
Type: Acquisition

NOTES:
Sunoco has signed a deal with NuStar Energy to acquire eight refined product terminals from NuStar Energy and one from Cato, Inc. The NuStar terminals include seven on the east coast and one located in the Midwest, with a combined storage capacity of 14.8 million barrels. The locations include Andrews Air Force Base, MD; Baltimore, MD; Blue Island, IL; Jacksonville, FL; Linden, NJ; Paulsboro, NJ; Piney Point, MD; and Virginia Beach, VA. The Cato purchase included a 140 thousand barrel facility in Salisbury, MD.
REGIONS:
  • Midwest
  • Northeast
  • Southeast