Mergers & Acquisitions News
Begins operating 170 c-stores, tobacco shops in Michigan and Indiana
RICHMOND, Va., and COOPERSVILLE, Mich. -- GPM Investments LLC has closed on the previously reported acquisition of Admiral Petroleum Co. and has taken ownership of 170 retail outlets in Michigan and Indiana from Sun Capital Partners Inc. The deal further develops GPM’s existing portfolio of stores...
Deal better positions refiner/marketer to move ahead on Alon USA acquisition
SANTIAGO, Chile, and BRENTWOOD, Tenn. -- Delek U.S. Holdings Inc. has closed the transaction to sell its retail-related assets to Santiago, Chile-based Compania de Petroleos de Chile COPEC SA (COPEC), including Mapco Express Inc. and related companies, for $535 million and Mapco’s estimated cash on...
Real-estate, private-equity firm begins to build c-store portfolio, aiming for 400 stores
NEW YORK -- A new player in the convenience-store industry could grow to as many as 400 locations in the next three years if its acquisition pipeline holds up. The company, Corniche Capital , is under contract to acquire 12 c-stores in New Mexico before the end of the year. Although executives did...
Alain Bouchard is known for successful acquisitions; what did he learn from the ones that weren’t?
Acquisition, investment validate retailer’s growth strategy
CEFCO, Wawa, Aloha, Thorntons, Kwik Trip, Love’s, Stewart’s, Rutter’s, Parkers and more
C-store channel faces unprecedented consolidation … and opportunity