Corporate News

Corporate news affecting the convenience store industry

Six c-stores, travel plaza put on auction block by court order

SOMERSET, Ky. -- A Kentucky Circuit Court judge has ordered the auction of the assets of the Valley Oil Group LLC, including six convenience stores, a travel plaza and a liquor store. The ruling is part of a lawsuit filed against the Sumerset, Ky.-based retailer by Fifth Third Bank. A Circuit Court...

Little disclosed about $46 million deal

TEL AVIV, Israel -- The parent company of the Fas Mart/Shore Stop convenience-store chain has signed a letter of intent to purchase 60 c-store sites in the United States for $46 million. GPM Investments LLC, a subsidiary of Israel-based Petro Group Ltd. and parent company of Fas Mart/Shore Stop,...

28 stores in N.W. Ohio to be converted to Circle K brand

LAVAL, Quebec -- Continuing its acquisition trajectory, Alimentation Couche-Tard Inc., through its subsidiary Mac's Convenience Stores LLC, signed an agreement late last week to acquire 28 stores in northwest Ohio from Sterling Stores LLC, Wauseon, Ohio, as reported in a CSP Daily News Flash. The...

Food Lion converts 40 supermarkets to Bloom format
Benchmarking data reveals OTP, foodservice rich in opportunity as fuel profits slip
Coveted corner lots fetching a lot
Selling 83 sites for rebranding, as well as other assets
Mister Car Wash, the nation's fourth largest conveyor carwash chain, said that it has entered into an agreement to be acquired by private-equity firm ONCAP.
Sinclair Oil selling 27 locations to recapitalize
Merchandise sales up 9.9% for quarter, 10.9% for year