Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry
Sunoco gas station

‘Will have substantially exited the retail c-store space in the continental United States by the end of 2017’

Pacific Pride gas station

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...

Generic gas station

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...

Generic gas station
Includes 14 c-stores, branded contract dealer accounts, unbranded wholesale business
Loblaws store front
Buyer will rebrand locations to introduce Mobil fuel brand in Canada
Loblaws store front
Deals bring Mobil gasoline brand north of the border for first time
Deal includes refinery, stations, wholesale business, more
Store opening

Central, Plains states see most unit growth in this month’s tally

sunoco flag
Why Sunoco is selling, and why 7-Eleven is buying
7-Eleven store

Sorting out the 7-Eleven-Sunoco deal (Part II)