Overview
The Fikes Companies is a multifaceted organization headquartered in Temple, Texas, primarily operating in the petroleum, convenience store, and financial services sectors. With an employee count ranging between 1,001-5,000, The Fikes Companies offers a broad spectrum of services like fuel marketing, convenience store and management, and ATM solutions.
Subsidiaries and Operations
Fikes Wholesale, Inc.
- Industry Position: As a seasoned marketer of multi-branded petroleum products with 59 years of expertise, Fikes Wholesale provides fuel solutions for retail stations and commercial accounts in the Southeastern United States, featuring brands like Shell, ExxonMobil, ChevronTexaco, CITGO, and Valero.
- Headquarters: 6261 Central Pointe Parkway, PO Box 1287, Temple, Texas, 76504.
CEFCO Convenience Stores
- Operations: CEFCO Convenience Stores offer comprehensive refueling services along with a selection of snacks and beverages for travelers.
Group Petroleum Services, Inc.
- Specialization: Operating for 32 years, this subsidiary excels in gasoline and diesel freight delivery and trucking services throughout Texas.
CORD Financial Services
- Service Offering: CORD delivers extensive ATM solutions tailored for businesses, enhancing transaction efficiency through streamlined services.
Digital Network Solutions (DNS)
- Industry Leadership: A pioneer in ATM transaction processing, DNS also provides advanced terminal management systems.
Fikes Terminal Supply
- Facility Location: Based in Waco, Texas, the facility specializes in terminaling and storage for refined petroleum products.
Executive Leadership Team
- James Fikes: CEO, steering the strategic direction of Fikes Wholesale.
- Raymond Smith: President, leading overall corporate performance.
- Michael Raisbeck: Chief People Officer, focusing on optimizing the employee experience.
- Andy Harper: Chief Information Officer, overseeing information technology resources.
- Elizabeth Heady: President of Fikes Products, ensuring product-level leadership.
- David Drew: Vice President of Supply, Transportation, and Wholesale, managing supply chain and logistics excellence.
Recent Strategic Developments
- Acquisition Announcement: Casey's General Stores has announced its acquisition of Fikes Wholesale, significantly bolstering its presence in the fuel marketing arena.
Human Resources and Employment
- Work Culture: Fikes Wholesale fosters an environment of excellence, offering substantial internal growth opportunities.
- Diversity and Inclusion: The company is committed to equal opportunity employment, actively encouraging applications from veterans, women, and minorities.
- Benefits: Employees enjoy a comprehensive compensation package, which includes medical, dental, life insurance, disability benefits, and profit-sharing plans.
Corporate Social Responsibility
- Military Support: Fikes Companies prioritizes hiring veterans and reservists, valuing their leadership qualities and skills gained from military service.
Market Position and Competitor Profiling
Overview of Fikes Companies
Fikes Companies comprises six diverse businesses, focusing on high-performance cleaning supplies and janitorial services. With an annual revenue of $23.7 million and 99 employees, Fikes is noted for its commitment to sustainability through green-certified cleaning products. A 6% employee growth indicates stability and an expanded workforce.
Key Competitors
1. AAA Fire Protection
- Industry: Fire Protection Services
- Revenue: $27M
- Employees: 113
- Employee Growth: 16%
- Overview: As a family-owned business founded in 1974 and based in Union City, California, AAA Fire Protection delivers client-focused fire protection solutions adhering to state and local codes.
2. Dexterra Group
- Industry: Facilities Services
- Revenue: $126.7M
- Employees: 5,001-10,000
- Overview: A leading facilities management company located in Canada, Dexterra Group employs innovative solutions across various sectors, providing a competitive advantage with its extensive reach and expertise.
3. Parker Corporate Services
- Industry: Facilities Services
- Revenue: $5.9M
- Employees: 31
- Employee Growth: 3%
- Overview: Offering security, janitorial, and communication services, Parker Corporate Services has over 500 employees in Washington state, establishing a strong regional presence.
4. Market Equipment
- Industry: Refrigeration Services
- Revenue: $8M
- Employees: 42
- Employee Growth: 14%
- Overview: Based in Spokane, WA, Market Equipment provides specialized commercial refrigeration system services, known for their responsiveness and expertise in the field.
Competitive Edge
The Fikes Companies' focus on sustainability, through the use of organic and eco-friendly products, positions them advantageously in the cleaning and janitorial industry, catering to growing consumer demand for sustainable practices. This strategic approach provides a distinct edge over competitors such as AAA Fire Protection and Dexterra Group.
