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Our History
Lee-Moore Oil Company was founded by W.E. Nichols and Truby
G. Proctor, Sr. in 1932, incorporated in 1937 in Sanford, North
Carolina. The Business Model at the time was to service homes
with heating oil and provide farmers in the area with fuel oil
for curing tobacco.
- In the 1960’s and 70’s, the company began providing motor fuel to the convenience store industry. The company had two particular milestones during this period: (1) the company was one of the first in the nation to offer motor fuel on a “self-service” basis without a fuel attendant, and (2) one of the first to build and operate a fully unattended retail fuel site utilizing pre-payment bill acceptor technology.
- 1967 The company helped to assemble 1,515 acres to create the Carolina Trace development, along with W.J. Brinn, Jr. and Bill Arnold.
- In 1967 Truby G. Proctor, Jr. and Sam Wornom started The Pantry, Inc. chain of convenience stores. Lee-Moore Oil Company and The Pantry, Inc. experienced significant growth and expanded into new markets while other distributors struggled during the fuel crisis of the 70’s.
- In the 1980’s the company recognized the importance and imminence of tighter fuel management and environmental regulations. Lee-Moore Oil Company took a leadership role in being one of the first to use fiberglass tank and piping technology.
- In 1987 the company sold 60% of its retail fuel sites in exchange for ownership in The Pantry, Inc. and the company began a more aggressive strategy of investing in real estate for convenience retail and commercial/residential development use.
- 1988 The company develops Governors Club, an award winning 1,600 acre private golf community located in Chapel Hill, North Carolina.
- 1990 The company develops a commercial fleet fueling business utilizing the “GasCard” franchise.
- 1995 Lee-Moore Oil Company sells its ownership share in The Pantry, Inc.
- 1998 Kirk J. Bradley, the grandson of the founder, becomes Chairman, President
and CEO, upon the passing of Truby G. Proctor, Jr.
- 2001 Lee-Moore Oil Company becomes a top ten ExxonMobil Distributor nationwide.
- 2006 the company sells its retail operations to The Pantry, Inc. and exits the gasoline and convenience store industry
- 2008 The company’s name is changed to Lee-Moore Capital Company in order to better reflect its current mission as an active investor in real
estate and venture opportunities.
- 2010 Starts development on Westpoint at 751 mixed-use project in Durham, NC.
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