Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Includes sale and leaseback of 17 properties in Chicago market

ALLENTOWN, Pa. -- CrossAmerica Partners LP has completed the previously announced transaction with an unnamed institutional real-estate investor for the sale and leaseback of properties it acquired as part of the State Oil acquisition for net proceeds of approximately $25 million. CrossAmerica...

Will purchase sites Walgreens is divesting to satisfy FTC

MEMPHIS, Tenn. -- Drug store retailer Fred’s Inc. has announced that it has signed an agreement with Walgreens Boots Alliance Inc. and Rite Aid Corp. to purchase 865 stores and other assets in the eastern and western United States for $950 million in cash. “With this agreement, we are moving ahead...

Circle K, Love’s, Daily’s, Bucky’s, GetGo, Kwik Trip, Royal Farms, Seasons Corner Market, more

Casey’s hooks five c-stores in Iowa

Leader of global c-store chain shares 10-year vision, "magic"

Retailer divested locations in noncore markets
Includes 20 properties from State Oil acquisition
Bids due Jan. 19
Chain will keep name, become cooperative

Competitive snapshot of newly opened or closed U.S. convenience stores, gas stations, truckstops and travel centers