Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry
Generic c-store

Mountain Empire Oil’s 92 c-stores complement existing store base

RICHMOND, Va. -- In an acquisition that will further develop GPM Investments LLC’s existing portfolio of convenience stores in the Southeast, the company has signed an agreement to acquire Mountain Empire Oil Co. Inc. , operating as Roadrunner Markets. The 92 c-stores with Shell-, BP- or Sunoco-...

Generic Convenience Store

Expects to close deal for Mountain Empire Oil’s 92 c-stores in second-quarter 2017

RICHMOND, Va. -- GPM Investments LLC has signed an agreement to acquire Mountain Empire Oil Co. Inc., operating as Roadrunner Markets, including all 92 convenience stores with fuel sales and seven quick-service restaurants (QSRs). The units are located in North Carolina, South Carolina, Tennessee...

Cumberland Farms, New York

Florida, Texas lead the month’s tally for unit growth

Exxon Mobil sign
Was it a ‘public-relations charade’ or a ‘fair and unbiased’ sale process?
Tesoro logo
Team in place, integration 'well underway'.
home depot fuel

Locations being rebranded after sell-off

Gas station
Seller exits retail, retains wholesale distribution business
Exxon signage
Sells convenience stores to diversified energy company
Sunoco store
Company will review all bids before divesting any assets
Sunoco gas station
Considering strategic alternatives for certain retail, other assets