Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Adding Premium 7 retail assets in Estonia to growing Circle K network

LAVAL, Quebec -- Adding incrementally to its global retail network, Alimentation Couche-Tard Inc., through its wholly owned indirect subsidiary Circle K Eesti AS, has signed an agreement to purchase the majority of the assets operated under the Premium 7 brand from Sevenoil Est OÜ in Estonia. "This...

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.
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