Mergers & Acquisitions News
‘Will have substantially exited the retail c-store space in the continental United States by the end of 2017’
Company races into Oregon and Washington
SAN CARLOS, Calif. -- The Andretti Petroleum Group and Lane Colvin have acquired the assets of Colvin Oil Co., allowing the company to expand into Oregon and Washington from California and more than double its retail network from 44 locations to 91. Colvin Oil, founded in 1960 by Merve Colvin, owns...
Retail asset sale is L.E. Belcher’s second divestment this year
WOODBRIDGE, Va. – Further expanding it regional footprint, Petroleum Marketing Group Inc. (PMG) has acquired the retail assets of Leonard E. Belcher Inc., including 13 company-operated convenience stores, one new-to-industry (NTI) c-store and one development property. In March 2016, PMG closed on...
Central, Plains states see most unit growth in this month’s tally
Sorting out the 7-Eleven-Sunoco deal (Part II)