Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Francois Oil exiting convenience-retailing industry

ANKENY, Iowa -- Casey’s General Stores Inc. has purchased and acquired five convenience stores of Francois Oil, Belleville, Wis. Casey’s said it expects to rebrand these convenience stores, formerly known as The Station, to Casey’s. They will undergo improvements in the coming months following the...

Major oil companies reportedly lining up to make play for oft-cited target

LONDON -- Rumors have resurfaced yet again of a BP takeover, this time focusing on Exxon Mobil Corp. as the aggressor, according to a report by the Evening Standard . A successful deal would be the biggest oil takeover of all time, but one that would most likely face opposition from the government...

Jettisons nonstrategic assets to speed growth trajectory

WALTHAM, Mass. -- Global Partners LP has made “significant progress” in selling the nonstrategic retail sites in the Northeast and mid-Atlantic that it put on the auction block in April 2016, said Eric Slifka, president and CEO, during the company’s fourth-quarter earnings call on March 9. Click...

Agreements dismantle joint venture in favor of separate geographic ownership
Shell signs agreements with SOPC Holdings East, Saudi Refining Inc.

Lubel points to year of ‘significant growth and change’

Will retailer’s long string of deals continue in 2017 and beyond?

Acquisition of 41 Bradley, Sav-O-Mat stores offers 'good chance to get into a brand new market'.
Deal includes Bradley Petroleum, Sav-O-Mat stores in two states
Mountain Empire Oil’s 92 c-stores complement existing store base