Gate Fuel Service

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Description

In 1960, Herbert Hill Peyton opened the first Gate service station in Jacksonville, Florida. The name "Gate" was derived from the 1960's Chamber of Commerce slogan, "Jacksonville - Gateway to Florida." Gate flourished during the 1960's, as Gate stations began to appear throughout the Southeast. As a result of the 1972 oil crisis, management recognized the need to diversify and began to acquire unrelated businesses. Diversification efforts were successful, and today Gate operates eight concrete plants located in Florida, Alabama, Kentucky, Tennessee, North Carolina, and Texas. In addition, Gate owns and operates four private clubs - The Ponte Vedra Inn & Club, Epping Forest Yacht Club, The Lodge & Club and the River Club. Past and present real estate holdings throughout the Southeast include Deerwood Park, a 1,000-acre office park in Jacksonville, Riverplace Tower, a mulit-tenant high-rise in downtown Jacksonville, and the Cummer Trust Property, a fifty-four hundred-acre tract of land located in north St. Johns County. Service stations are still Gate's core business, and Gate operates 225 state-of-the-art service stations with convenience stores in six Southeastern states.

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