Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Former Lehigh Gas Corp. acquires District Petroleum

ALLENTOWN, Pa. -- In a deal that represents the exit from the petroleum and convenience-store industry for one Ohio company, Dunne Manning Inc. has closed on the purchase of District Petroleum Inc. As reported in a McLane/ CSP Daily News Flash , Huron, Ohio-based District Petroleum owns and...

Speculation over potential acquirers follows ‘gas bar’ review

BRAMPTON, Ontario -- Couche-Tard, 7-Eleven Canada and Parkland Fuel could be among potential buyers after supermarket retailer Loblaw Cos. Ltd. has completed a strategic review of its “gas bar” operations. It will engage potential buyers in considering a sale of the business, which could be worth...

New president’s plan to fix Japanese retailer includes investment in United States

TOKYO -- The new head of Seven & i Holdings Co. , the Japan-based parent of 7-Eleven Inc. , said he plans to increase the number of 7-Eleven convenience stores in the United States to boost overall market share amid slowing demand in Japan and as the chain contends with intensified competition...

Intends to take on Holiday, SuperAmerica, Kwik Trip with new, larger format
Sites are part of nonstrategic divestment from Warren Equities purchase
Acquisition gives investment firm base from which to grow its convenience-store reach
Bid process does not include fuel supply or gasoline branding

This edition of New Convenience-Store Roundup features new convenience-store openings, closings and stores under new ownership for the month of April 2016.

Company streamlining portfolio with strategic sales, acquisitions
Latest deal extends reach of retail network, from the Northeast to the Midwest