Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Energy Transfer Partners completes dropdown of Sunoco LLC retail business

DALLAS & HOUSTON -- Driven by the view that accelerating the process was in the best interest of all parties, Energy Transfer Partners LP (ETP) and Sunoco LP have announced the dropdown now of the remaining 68.42% interest in Sunoco LLC and 100% interest in the legacy Sunoco retail business for...

Greg Shoemaker, Matthew Fischer, Jeff Kramer, Jim Fisher, Jim Bosworth, Dennis Ruben CSP Outlook 2015

Greg Shoemaker (left), Matthew Fischer, Jeff Kramer, Jim Fisher, Jim Bosworth, Dennis Ruben

Experts share observations on the “urge to merge”

SCOTTSDALE, Ariz. -- With MLPs bumping out any number of potential bidders for top-tier convenience-stores, finance experts assembled for the initial workshops at CSP’s annual Outlook Leadership conference in Scottsdale, Ariz., this week were privy to nuanced insights on opportunities on either...

Victory Petroleum CEO puts 101-store sale to 7-Eleven into context

MIAMI -- Miami is hot again, and not just in the muggy summer months, but economically and as a market for convenience-store operators. That’s what Arturo Zizold and his colleagues at Victory Petroleum experienced as they just sold the bulk of their stores to 7-Eleven . Zizold, CEO of the Miami-...

With Roundy's purchase, grocer grows in underdeveloped markets.
The Kroger Co. announced today that it will purchase all outstanding shares of grocery-store retailer Roundy's Inc. for $3.60 per share in cash.
Retailer acquires 101 locations as Biscayne and Everglades Petroleum exit the business
Sites purchased from Biscayne Petroleum LLC and Everglades Petroleum LLC
Chain continues to represent “strong platform for future growth,” including 40 new stores
Launching strategic review of Golden State sites, mulling divestment
Company's largest deal would include 164 c-stores in Georgia, Florida.