Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Closes on Fuel USA sites in Southeast

RICHMOND, Va. -- GPM Investments LLC has taken ownership of 42 Apple Market convenience stores with gasoline sales and supply to 20 dealer-operated stores in Virginia and Kentucky from Fuel USA LLC. This acquisition will further develop GPM’s existing portfolio of stores in the Southeast region...

Imperial Oil’s Esso sale greater than sum of its parts

CALGARY, Alberta -- Five fuel distributor-retailers-- Alimentation Couche-Tard , 7-Eleven Canada, Harnois Groupe pétrolier, Parkland Fuel and Wilson Fuel--have each bought up a substantial portion of Imperial Oil’s 497-unit company-owned Esso retail network in Canada in a series of deals for a...

Who are the retailers and how many stations are they scooping up?

CALGARY, Alberta -- In a multibillion-dollar deal that stunned analysts, Imperial Oil has reached agreements with five fuel distributors in Canada to sell its remaining 497 company-owned Esso gas stations for a total of approximately $2.8 billion Canadian ($2.08 billion U.S.). Companies purchasing...

Purchase helps buyer build network, serves seller’s strategy shift
Also closing six stores for sake of ‘consistency’ of customer service
Begins operating 15 convenience stores in three states
Plans organic growth for Texas; smaller acquisitions imminent, but no spoilers
Sells five locations to ever-expanding TravelCenters of America
Owner of County Market Express, Pick a Dilly convenience stores, creates new banner (slideshow)
Initiatives moving forward in North Carolina, Texas, Missouri