Corporate News

Corporate news affecting the convenience store industry

Plans to offer 10 million shares at $14-$16 a share

FRANKLIN, Tenn. -- Delek US Holdings Inc. set on Thursday its planned initial public offering (IPO) at 10 million shares at an estimated price of $14 to $16 per share, said Reuters. The Franklin, Tenn.-based diversified energy business said in an amended filing with the U.S. Securities &...

Jerry D. Maahs, founder and former president of foodservice equipment maker Alto-Shaam Inc., has passed away at age 74.

MENOMONEE FALLS, Wis. -- Jerry D. Maahs, founder and former president of foodservice equipment maker Alto-Shaam Inc., has passed away at age 74. The company issued the following statement: A significant void has been left within the foodservice industry with the passing of Jerry Maahs. A true...

Sovereign Investment acquires four Illinois Circle K locations

PRINCETON, N.J. -- Sovereign Investment Co., a private equity investor providing sale/leaseback capital, said that it has completed the acquisition of a $9.5 million Circle K convenience store portfolio involving four c-store/gas stations in Illinois. The minor divestment on the part of Circle K...

Road Ranger LLC has opened its second travel center in Missouri, located on I-44 near St. Louis in Fenton.
Profits would go to fix streets
Sale is part of company's ongoing portfolio management strategy.
Licenses in jeopardy over signage
Ellis heads up Ypsilanti effort
Wis. chain celebrates with party, promotions for customers
Kum & Go adds 14 stores in Arkansas with latest acquisition

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