Mergers & Acquisitions News
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
CALGARY, Alberta -- Despite reports to the contrary, Suncor Energy Inc.’s Petro-Canada gas station and convenience-store chain is not part of the oil producer’s asset sale plan as the business seeks diversification and looks to monetize assets, according to a Bloomberg report . “Retail is part of...
Acquisition extends GPM’s regional reach
PITTSFIELD, Ill. -- With current ownership exiting retail, Pittsfield, Ill.-based JiffiStop Stores has sold its convenience stores to GPM Investments LLC . GPM has closed on the acquisition of and has begun operating 17 gas stations and convenience stores in central Illinois and Missouri, the...
Plan balances 'quantity’ and ‘quality’; will add more than 1,000 c-stores in North America
Alimentation Couche-Tard approached CST Brands with the idea of acquiring the c-store chain even before CST investors prompted the strategic review that led to the deal. Find out more in this timeline.