Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Imperial Oil’s Esso sale greater than sum of its parts

CALGARY, Alberta -- Five fuel distributor-retailers-- Alimentation Couche-Tard , 7-Eleven Canada, Harnois Groupe pétrolier, Parkland Fuel and Wilson Fuel--have each bought up a substantial portion of Imperial Oil’s 497-unit company-owned Esso retail network in Canada in a series of deals for a...

Who are the retailers and how many stations are they scooping up?

CALGARY, Alberta -- In a multibillion-dollar deal that stunned analysts, Imperial Oil has reached agreements with five fuel distributors in Canada to sell its remaining 497 company-owned Esso gas stations for a total of approximately $2.8 billion Canadian ($2.08 billion U.S.). Companies purchasing...

Purchase helps buyer build network, serves seller’s strategy shift

BEVERLY, Mass. -- In a deal that—if completed—will augment a new retailer’s recent acquisition in the Hawkeye State and help a major regional retailer shift the focus of its network, Brookwood Financial Partners LLC has entered into a preliminary agreement to acquire 24 convenience stores in Iowa...

Also closing six stores for sake of ‘consistency’ of customer service
Begins operating 15 convenience stores in three states
Plans organic growth for Texas; smaller acquisitions imminent, but no spoilers
Sells five locations to ever-expanding TravelCenters of America
Owner of County Market Express, Pick a Dilly convenience stores, creates new banner (slideshow)
Initiatives moving forward in North Carolina, Texas, Missouri
11-store deal, 11 years in making, will “catapult” company to next level of fuel retailing