Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

But could a deal still happen?

UPDATE (June 16, 2016) : TravelCenters of America LLC has confirmed that it received a non-binding letter from a private-equity firm in December 2015 asking to have confidential discussions about that firm possibly buying TA. “TA confirmed that the TA board of directors responded to that firm that...

Cumberland Farms CEO discusses strategy shift following sale of Gulf Oil

FRAMINGHAM, Mass. -- Cumberland Farms CEO Ari Haseotes said he is returning his company to its roots following the recent sale of Gulf Oil , which enabled Cumberland Farms to get out of the wholesale business and focus exclusively on retail. That strategy brings Cumberland Farms more in line with...

Will let the ‘big operators get bigger,' says company’s president

LINCOLN, Ill. – With the sale of five large, high-volume convenience stores in central Illinois to TravelCenters of America LLC , Illico Inc. is exiting the retail convenience-store industry. TravelCenters of America announced the closing of the deal for the Apollo Mart locations on June 9, part of...

Will rebrand locations to Minit Mart following upgrades

Kum & Go, Circle K, Speedy’s, QuickChek, Rutter’s, TA, Flying J, Stripes, Buc-ee’s, Sheetz, more

Leading companies have submitted bids, with another round to come
Asset acquisition expands distributors’ capabilities, scope
Proceeds from transaction will provide more ‘liquidity’
Former Lehigh Gas Corp. acquires District Petroleum
Speculation over potential acquirers follows ‘gas bar’ review