Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry
Jack Pester Alta

Jack Pester

World Fuel Services acquires Pester Marketing, 57 Alta Fuel convenience stores

MIAMI -- With the sale of Pester Marketing Co. to World Fuel Services Inc., veteran energy executive Jack Pester is exiting the industry. As reported in a 21st Century Smoke/ CSP Daily News Flash , World Fuel Services has purchased 100% of the equity securities of Pester Marketing Co. and its...

Accelerated operational synergies double what Marathon Petroleum executives expected

FINDLAY, Ohio -- A month after the one-year anniversary of the acquisition of the Hess retail network on the East Coast, Marathon Petroleum Corp. (MPC) is “significantly ahead of schedule” in converting the locations to its own Speedway convenience-store brand and operating systems, with nearly 1,...

TravelCenters of America completes eight-store deal in Wisconsin

WESTLAKE, Ohio – With the announcement that TravelCenters of America LLC has closed on the purchase, announced earlier this month , of all eight convenience stores owned by Stop-a-Sec Inc. and Seck Enterprises Inc. of Luck, Wis., the chain’s owners are exiting the convenience-store industry. The...

Will health care, wellness strategy at retail ease convenience-channel competitive pressure?
Walgreens in talks to acquire Rite Aid
Western Refining makes offer to acquire 100% of Northern Tier Energy
Retailer has opened 30 stores, hired 1,200 people since 2007
Acquires five c-stores in Virginia, Tennessee from Florida’s Sunshine Fuel
Convenience retailer opens four new concept stores in central Florida
TravelCenters of America acquires seven, maybe eight locations in Wisconsin