Corporate News

Corporate news affecting the convenience store industry

Profits would go to fix streets

LINCOLN, Neb. -- The city of Lincoln, Neb., is looking into the possibility of getting back into the gasoline business, reported the Lincoln Journal Star. It opened a gas station in the mid-1920s and sold gasoline until the 1960s, when the station quietly closed, said the report. The city still has...

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.

FENTON, Mo. -- Road Ranger LLC has opened its second travel center in Missouri, located on I-44 near St. Louis in Fenton. Previously occupied by the St. Louis Truck Port, Road Ranger officially began new construction in March and is on schedule for a June 2006 opening. Strategically located near I-...

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
Increased operating income by $19.5 million over previous year
Will focus on developing partnerships

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