Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry
Coen Oil

Sprague Resources acquires Coen Energy, but Ruff Creek Markets not part of deal

WASHINGTON, Pa. -- Fuel supplier and convenience-store retailer Coen Oil Co. is looking to nearly double the number of its retail outlets in the next five years, the company told The Pittsburgh Business Times . The Washington, Pa.-based company has just completed the sale of its Coen Energy and...

Kum & Go store

Investment company adds to its industry portfolio in Iowa

DALLAS -- U.S. Assets Inc. acquired nine convenience stores Oct. 10 from Kum & Go LC in Iowa for an undisclosed price. One of the c-stores is located in Red Oak, and two each are located in Council Bluffs, Sioux City, Sioux Center and Missouri Valley, Narendra "Matt" Manney, director of Matt...

Rudy's Mart Gulf

Lehigh Valley sites offer car washes, Gulf-branded fuel

ALLENTOWN, Pa. -- Rudy’s Car Washes is selling sell four convenience stores with gasoline, a freestanding car wash and other associated tunnel and self-serve car-wash businesses in Allentown, Bethlehem, Easton and Whitehall, Pa. The gas stations sell Gulf-branded fuel, and the sale also includes...


Strategic review of 800-store convenience network part of grocer’s ‘Restock’ initiative

Kroger store
Options include selling the business
Generic gas truck
Deal expands distribution network in two Eastern states
Holiday Stationstores

Will keep name rather than convert to Circle K

Leaseback deal with Irish retailer extends REIT’s reach into South Carolina
pilot travel center
Haslam to remain CEO; family will continue as majority owners until 2023
Circle K
Metro could pay for acquisition through c-store stock sale