Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Hurst Harvey Oil Sale Closes Retail Book With Sale to GPM; And Bagwell Oil exits fuels business with sale to Pep-Up

KILMARNOCK, Va. -- Matrix Capital Markets Group Inc. has announced two successful transactions. It has announced the successful sale of Kilmarnock, Va.-based Hurst Harvey Oil Inc. petroleum marketing and convenience store company to Fas Mart operator GPM Investments Inc., Richmond, Va., as...

Kim Bowers

Corner Stores CEO Focuses on Growth; Chain concentrating on becoming "a consumer-focused, pure-retail company"

SAN ANTONIO -- Despite drops in net income, operating income and revenue during second-quarter 2013 compared to Q2 2012, Kim Bowers, chairman and CEO of the newly spun-off CST Brands Inc., chose to spend the bulk of her time on the company's first quarterly earnings conference call focusing on...

Sheetz Store Count to Climb in Mountain State; Despite dearth of flat earth, retailer hopes to add six locations per year in West Virginia

CHARLESTON, W.Va. -- Sheetz Inc. plans to continue its rapid expansion in West Virginia, with company officials hoping to open six new Mountain State stores each year for the several years, reported The Charleston Daily Mail . Altoona, Pa.-based Sheetz already operates 44 "convenience restaurants"...

Lehigh Gas Makes Room for Zoomerz; CEO says deal provides regional scale; describes expansion opportunities, competitive landscape
The second quarter of 2013 was relatively quiet in terms of significant merger-and-acquisition activity, with a few notable exceptions.
"Could this be the year we've been waiting for?" asks Raymond James advisor.
Last year was truly a banner year for merger and acquisition activity in the convenience store industry.
Deal first step in plan focusing on Southeast, but with "sites" set on national expansion.
Could add more than 600 more stores in America through March 2013
A roundup of recent station and store openings, closings and more nationwide