Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Who are the retailers and how many stations are they scooping up?

CALGARY, Alberta -- In a multibillion-dollar deal that stunned analysts, Imperial Oil has reached agreements with five fuel distributors in Canada to sell its remaining 497 company-owned Esso gas stations for a total of approximately $2.8 billion Canadian ($2.08 billion U.S.). Companies purchasing...

Purchase helps buyer build network, serves seller’s strategy shift

BEVERLY, Mass. -- In a deal that—if completed—will augment a new retailer’s recent acquisition in the Hawkeye State and help a major regional retailer shift the focus of its network, Brookwood Financial Partners LLC has entered into a preliminary agreement to acquire 24 convenience stores in Iowa...

Also closing six stores for sake of ‘consistency’ of customer service

SALT LAKE CITY -- Executives at Maverik Inc. said that they expect to open 26 new convenience stores around the Intermountain West. The aggressive growth plans include expansion into the Las Vegas, Denver and Spokane markets, it said. With this rapid growth, Maverik executives have made the...

Begins operating 15 convenience stores in three states
Plans organic growth for Texas; smaller acquisitions imminent, but no spoilers
Sells five locations to ever-expanding TravelCenters of America
Owner of County Market Express, Pick a Dilly convenience stores, creates new banner (slideshow)
Initiatives moving forward in North Carolina, Texas, Missouri
11-store deal, 11 years in making, will “catapult” company to next level of fuel retailing
GPM continues growth into the Midwest with latest acquisition