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Acquisition gives investment firm base from which to grow its convenience-store reach

BOCA RATON, Fla. -- Jeff Turpin, a more than 20-year veteran of the convenience-store industry, will chart a new course as CEO of Admiral Petroleum Co. , which Sun Capital Partners Inc. has acquired along with Lemmen Oil Co. The companies did not announce the financial terms for the purchase of the...

Industry reacts to doubling of salary threshold, other provisions

WASHINGTON -- The U.S. Department of Labor has finalized the rule updating overtime protections for convenience-store, restaurant and other retail workers. The final rule, which takes effect Dec. 1, doubles the salary threshold under which most salaried workers are guaranteed overtime, from $23,660...

New York dairy convenience-store chain revisits its retail roots

BALLSTON SPA, N.Y. -- Following the “tricky” demolition of the existing structure and the construction of a new one, Stewart’s Shops will open a convenience store in Ballston Spa, N.Y., on May 18. What makes this a milestone is that the new building is “just inches” away from the old building,...

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What are the consequences of moving or keeping the February 2007 predicate date?