Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry

Retaining option, but doesn’t want to part with 'contributing' business

CALGARY, Alberta -- Despite reports to the contrary, Suncor Energy Inc.’s Petro-Canada gas station and convenience-store chain is not part of the oil producer’s asset sale plan as the business seeks diversification and looks to monetize assets, according to a Bloomberg report . “Retail is part of...

Acquisition extends GPM’s regional reach

PITTSFIELD, Ill. -- With current ownership exiting retail, Pittsfield, Ill.-based JiffiStop Stores has sold its convenience stores to GPM Investments LLC . GPM has closed on the acquisition of and has begun operating 17 gas stations and convenience stores in central Illinois and Missouri, the...

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
Acquires leasehold interests in 21 c-stores, fuel supply from Sunshine Fuel
Fuel distributor sells several other sites to unrelated buyers

Alimentation Couche-Tard approached CST Brands with the idea of acquiring the c-store chain even before CST investors prompted the strategic review that led to the deal. Find out more in this timeline.

Analyst says COPEC deal provides momentum for full acquisition