COC Properties Rebrands as GenWorks Group, Maintaining Cary Oil Legacy

The family-owned holding company reinforces its commitment to the Cary Oil business it has operated for over 60 years.

Published on Feb. 21, 2026

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COC Properties, Inc. announced it will operate under a new name, GenWorks Group, Inc., marking a new chapter for the Stephenson family's enterprise while reaffirming its enduring commitment to Cary Oil, the family-founded business that has anchored the organization for more than six decades. Ownership of the company remains with the Stephenson family.

Why it matters

The rebrand reflects the Stephenson family's desire to carry forward the legacy of Cary Oil, a cornerstone of their business interests, while also expanding into other ventures like commercial real estate. The move underscores the family's commitment to generational stewardship and community involvement.

The details

The Stephenson family's business story began in 1959 with the founding of Cary Oil in Cary, North Carolina. Over time, the family expanded its business interests beyond wholesale fuel to include commercial real estate. The new GenWorks Group name reflects both the family's generational ownership and the shared purpose that connects its businesses. Cary Oil will continue operating under its longstanding and trusted name, maintaining the same commitment to operational excellence, customer service, and community involvement.

  • The Stephenson family founded Cary Oil in 1959.
  • COC Properties, Inc. announced the rebrand to GenWorks Group, Inc. on February 18, 2026.

The players

GenWorks Group, Inc.

A family-owned holding company with roots dating back to 1959, supporting a diverse portfolio of operating companies across commercial real estate, payments processing, and related ventures.

Cary Oil

The family-founded business that has anchored the GenWorks Group organization for more than six decades, continuing to serve as the cornerstone of the family's businesses.

Craig Stephenson

The son and nephew of the company's founders, who has stepped down as Chief Executive Officer and assumed the role of Executive Board Chair, continuing to support the organization's long-term governance and family stewardship.

Don Stephenson

The former Board Chair who has stepped down after many years of service, but will continue serving as a valued member of the board of directors.

Gordon Sinclair

The new President and Chief Executive Officer of GenWorks Group, Inc., effective September 1, 2025, who previously served as President and Chief Operating Officer of COC Properties, Inc.

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What they’re saying

“Cary Oil is where our story began, and it continues to shape how we think about community, responsibility, and stewardship. While our holding company name is changing, our commitment to Cary Oil, its people, and the communities it serves is unwavering. GenWorks reflects our desire to carry that legacy forward with care and intention for the next generations.”

— Craig Stephenson, Son and nephew of the company's founders

The takeaway

The Stephenson family's decision to rebrand COC Properties as GenWorks Group underscores their longstanding commitment to Cary Oil and their desire to steward the family business for generations to come. The move reflects the family's values of community involvement, responsible leadership, and a focus on creating lasting value for employees, customers, and the local community.