Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Proceeds from transaction will provide more ‘liquidity’

WALTHAM, Mass. -- More expansion is in the works for Global Partners LP with capital from an agreement that it just announced with an institutional real-estate investor for the sale and leaseback of 33 gas stations and convenience stores in New England for approximately $67 million. “Consistent...

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
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