Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Private-equity group picks up Pester, with more deals in the works

DENVER -- With more convenience-store acquisitions to come, private-equity group Western Alta Holdings Co. recently acquired the retail division and operating company of Pester Marketing from World Fuel Services. The transaction occurred May 1, 2016. Western Alta Holdings L.C. is a newly formed...

Chains will enter into five-year professional services agreement

MINNEAPOLIS -- Supervalu Inc. has entered into a definitive agreement with private-equity firm Onex Corp. for Onex to acquire Supervalu’s Save-A-Lot hard-discount, limited-assortment grocery-store business for $1.365 billion in cash, subject to customary closing adjustments. Earth City, Mo.-based...

Following Mapco sale, refiner offers to buy up all of Alon USA

BRENTWOOD, Tenn. -- Refiner-marketer Delek U.S. Holdings Inc. , which recently sold off its own retail convenience-store network, has offered to purchase all of the remaining shares of fellow refiner-marketer Alon USA Energy Inc. that it doesn’t already own. Delek U.S. currently controls more than...

Completes acquisition of Denny Oil’s c-store assets, wholesale business
Retailer schedules special meeting for stockholders to vote

Can the c-store industry maintain the major deals and steep multiples of the past six months?

Retaining option, but doesn’t want to part with 'contributing' business.
Acquisition extends GPM’s regional reach

Plan balances 'quantity’ and ‘quality’; will add more than 1,000 c-stores in North America

Merger will position both companies for more regional growth