Mergers & Acquisitions News
Acquires five Smitty’s c-stores from R.H. Smith Distributing
DENVER -- Private-equity firm Western Alta Holdings, the parent company of Pester Marketing/Alta Convenience Stores , has expanded to the West Coast, acquiring five c-stores in a joint venture with R.H. Smith Distributing Co. Inc., Yakima, Wash. The stores—in Yakima, Ellensburg and West Richland,...
Former Tesoro consolidates MLPs
SAN ANTONIO – The latest strategic move by the new Andeavor, formerly Tesoro Corp., improves the company’s position for “organic growth programs and strategic acquisitions, including dropdowns,” its CEO said. Andeavor is merging Andeavor Logistics and Western Refining Logistics, its master limited...
Andeavor scoops up chain to grow presence in Northern California
AUBURN, Calif. -- Flyers Energy will exit the retail business with the sale of its 39 convenience stores to Andeavor Corp. Established in 1979, Flyers is a third-generation family-owned business with stores in the San Francisco Bay Area. Managing Partner Walt Dwelle said the time was right for he...
Name change, Western Refining acquisition cap period of transformation for refiner-marketer
Recent acquisitions show commitment to expansion strategy
Florida, New York, Pennsylvania, Texas see most unit growth