Gate Petroleum
"Swing to Gate"
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Gate Petroleum Corporate Headquarters
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| Private | |
| Industry |
Retail (Convenience stores) Hospitality Industry Real Estate Development |
| Founded | 1960 |
| Headquarters | Jacksonville, Florida, USA |
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Key people
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Herb Peyton, Chairman John Peyton, President Mitchell Rhodes, COO |
| Revenue | $1.44 billion (2008)) |
| Website | www.gatepetro.com |
Retail (Convenience stores)
Precast concrete
Gate Petroleum is a privately held diversified corporation headquartered in Jacksonville, Florida, the 11th largest in Florida in 2010. In FY 2008, the company ranked #338 on the Forbes list of America's Largest Private Companies. According to Forbes, it had sales of $1.44 billion and employed approximately 3,500 people, while Jacksonville Business Journal indicated 2,200 employees in that same year.
Herbert Hill Peyton started the company in 1960 with a single gas station on Jacksonville's Northside. The company grew during the 1960s with additional stations in the southeast United States. The name "Gate" comes from the city of Jacksonville's slogan, "The Gateway to Florida". In response to the 1973 oil crisis, the company began to diversify and added convenience items to their filling station shelves.
Filling stations and convenience stores are still the core business of the company, which operates from a 57,000 sq ft (5,300 m2) corporate headquarters in Mandarin. Elkins Constructors built the facility in 1999. The Peyton family owns 80% of the company, and the rest belongs to "Brothers": long-term employees (both male and female).
John Peyton, the oldest son of company founder Herb Peyton, took an eight-year leave from Gate to serve two terms as Jacksonville's mayor from 2003 to 2011. John returned to the family business and was named company President when his father, Herb retired on January 3, 2012. Herb remained Chairman and Mitchell Rhodes was promoted to Chief Operating Officer. Hill Peyton became Vice President of Marketing. In Jacksonville, Gate is Northeast Florida's 16th-largest private sector employer.
The Gate Construction Materials division consists of two companies and operates throughout the eastern, southeastern, and midwestern United States. They are members of the AltusGroup national partnership of companies that provide precast concrete products and services.
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Wikipedia