Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Following Mapco sale, refiner offers to buy up all of Alon USA

BRENTWOOD, Tenn. -- Refiner-marketer Delek U.S. Holdings Inc. , which recently sold off its own retail convenience-store network, has offered to purchase all of the remaining shares of fellow refiner-marketer Alon USA Energy Inc. that it doesn’t already own. Delek U.S. currently controls more than...

Completes acquisition of Denny Oil’s c-store assets, wholesale business

DALLAS -- Sunoco LP has completed the acquisition of the retail convenience-store assets and wholesale fuel business in two states from Denny Oil Co. Inc. for approximately $53 million and is preparing to reimage the retail outlets. The acquisition includes six company-operated locations and...

Retailer schedules special meeting for stockholders to vote

SAN ANTONIO -- Chairman, CEO and president Kim Lubel said CST Brands Inc. is “one step closer to completing the merger with Circle K” with the filing of the definitive proxy statement with the U.S. Securities and Exchange Commission (SEC). The filing officially sets the date, Nov. 16, for the...

Can the c-store industry maintain the major deals and steep multiples of the past six months?

Retaining option, but doesn’t want to part with 'contributing' business.
Acquisition extends GPM’s regional reach

Plan balances 'quantity’ and ‘quality’; will add more than 1,000 c-stores in North America

Merger will position both companies for more regional growth
Closes deal to acquire Dirt Cheap, U-Gas locations, more
Supervalu to decide soon on divestment of limited-assortment retailer