RICHMOND, Va. --GPM Investments LLC, owner of the Fas Mart, Shore Stop, Youngs, Li'l Cricket, Scotchman Stores, Breadbox and other convenience store chains, has expanded the use of Kalibrate Technologies' PriceNet fuels pricing system across an additional 260 recently acquired sites.
PriceNet provides GPM with high levels of automation and an "exception-based" approach that allows for a quick response to competitors and market conditions and ensures that optimal prices are generated.
"The value that Kalibrate provides to us is clear and we are pleased to strengthen the relationship that began when we initially purchased PriceNet in December 2007," said Chris Giacobone, COO of GPM. "Kalibrate's pricing solutions--provided by true industry experts--have helped us shave time off the pricing process and make the best possible pricing decisions. Their software, knowledge and experience will help ensure our ongoing success."
"We are delighted that GPM is expanding its use of our fuels pricing system and look forward to supporting its exciting growth initiatives," said Bob Stein, president and CEO of Kalibrate Technologies. "We work hard to make sure our clients have ongoing success using our solutions by providing a team of pricing and location planning experts--called client success--who continually have contact with our clients to ensure sustainable results."
Kalibrate (formerly KSS Fuels) is a leading global provider of fuels pricing and retail location intelligence. Its software, analytics and consulting solutions draw on more than 20 years of expertise and insight into the needs and opportunities of petroleum retailers. Kalibrate has headquarters in Manchester, U.K., and Florham Park, N.J.
GPM operates and supplies 615 stores and is one of the largest privately owned companies in the c-store channel. The company, based in Richmond, Va., operates stores in Virginia, Connecticut, Delaware, Maryland, Pennsylvania, North Carolina, South Carolina, Rhode Island, New Jersey and Tennessee.
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