Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

New president’s plan to fix Japanese retailer includes investment in United States

TOKYO -- The new head of Seven & i Holdings Co. , the Japan-based parent of 7-Eleven Inc. , said he plans to increase the number of 7-Eleven convenience stores in the United States to boost overall market share amid slowing demand in Japan and as the chain contends with intensified competition...

Intends to take on Holiday, SuperAmerica, Kwik Trip with new, larger format

WEST DES MOINES, Iowa -- Supermarket and gasoline retailer Hy-Vee Inc. is scouting sites in Minneapolis and St. Paul, Minn., for building larger-format convenience stores with fuel, said a report by the Minneapolis/St. Paul Business Journal . Hy-Vee’s expansion into the Twin Cities could shake up...

Sites are part of nonstrategic divestment from Warren Equities purchase

BINGHAMTON, N.Y. -- Mirabito Holdings Inc. has entered into an agreement with Global Partners LP to acquire 31 gas stations and convenience stores, 26 in New York and five in Pennsylvania, from Global Partners. “We continue to look for opportunities to strengthen our brand,” said Joseph P. Mirabito...

Acquisition gives investment firm base from which to grow its convenience-store reach
Bid process does not include fuel supply or gasoline branding

This edition of New Convenience-Store Roundup features new convenience-store openings, closings and stores under new ownership for the month of April 2016.

Company streamlining portfolio with strategic sales, acquisitions
Latest deal extends reach of retail network, from the Northeast to the Midwest
Market exit, deal with 7-Eleven allows company to concentrate on growth areas
Deal involves leasehold interests in 21 convenience stores