Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry
Island Energy Hawaii

Sells fee-simple interest in land, buildings for 11 Texaco stations

HONOLULU -- Island Energy Services LLC has completed the sale of the land and buildings at 11 gas stations on Oahu to Fergus & Co., a Honolulu-based real-estate investment company. The parties entered into a sale-leaseback transaction in which Fergus & Co. purchased the fee-simple interest...

Fuel truck

Wholesale fuel distributor adds Sunoco brand with deal

MORRISTOWN, Tenn. -- Rogers Petroleum has purchased the assets of Arrow Gas & Oil Inc., Oak Ridge, Tenn., adding to its presence in the wholesale fuel distribution market in eastern Tennessee. Founded in 1980, Rogers Petroleum has four fleet-fueling facilities and six bulk plants and...

CITGO gas station

Deal includes 50 CITGO locations

MOUNT VERNON, N.Y. -- Atlantis Management Group (AMG) has acquired Food Bag, a convenience-store chain and CITGO-branded petroleum marketer. The transaction includes the purchase of more than 50 fee-simple sites and a transportation company. Kensington, Conn.-based General Equities Inc. operates...

Sunoco gas station
Terminates consent solicitations for bonds due 2021 and 2023, reaffirms timing
Honey Farms
Master limited partnership acquires 33 c-stores in Massachusetts, 11 with fuel
honey farms mobile
MLP picks up 33 c-stores in New England, 11 with fuel

If the grocer decides to sell its convenience division, here are some possible buyers

Joe's Kwik Mart
Dunne Manning Realty acquires sites in Pennsylvania
Downstream deal includes refinery, cardlocks, more
Coen Oil
Sprague Resources acquires Coen Energy, but Ruff Creek Markets not part of deal