Holt Oil Company is a third-generation, family owned and operated business with roots in Fayetteville, North Carolina. In 1930 William D. Holt started Holt Oil Company under the name Crystal Oil Co. in downtown Fayetteville. The company operated a few gasoline outlets and later moved into the home heating oil business.William had three sons: William Holt Jr., Charles Holt, and Henry Holt. In 1958 Charles Holt joined the company as vice president. He assisted his father in growing the gasoline outlets and securing the Gulf distributorship. In the early 60s, William’s youngest son, Henry, joined the business and focused on the home heating oil branch of the company. Henry and Charlie successfully operated the business as partners for over 40 years, growing the outlets to twenty-two sites in four counties.In 1987 Louis Cox joined the company as director of dealer operations and oversaw the construction of new store sites. He currently serves as company president. In 1989 Hannah Holt came on board and operated the company-run convenience stores and spearheaded the first Subway franchise, and currently serves as secretary. In 1992 Walter Holt joined the business and helped grow the computer networking and software side of the company as vice president. In 1999, Bill Holt joined the business as a commercial gasoline account manager as treasurer and later moved into the operations of the conveniences stores.
The company currently operates 11 retail convenience stores, 7 Subway franchises, and leases out 11 retail convenience stores. The company has a distributorship of three brands: Exxon, BP, and Liberty.