Top Stories

Separation on table as Marathon conducts ‘full and thorough’ review of retail network’s value

FINDLAY, Ohio -- Marathon Petroleum Corp.’s (MPC) Speedway convenience-store chain will get a “full and thorough” review to ensure that it is delivering optimum value to shareholders over the long term and to consider whether it should be spun off from the refiner. As reported in a McLane/ CSP...

Casey’s hooks five c-stores in Iowa

ANKENY, Iowa -- With the sale of five Guppy’s on the Go convenience stores to Casey’s General Stores Inc. , Fauser Energy Resources is exiting the retail sector. Located in and around Cedar Rapids, Iowa, the c-stores range in size from 1,500 to 3,500 square feet. Guppy’s on the Go was founded in...

Includes 20 properties from State Oil acquisition

ALLENTOWN, Pa. -- CrossAmerica Partners LP has entered into an agreement with a leading institutional real-estate investor for the sale and leaseback of 20 properties acquired as part of the State Oil acquisition for net proceeds of approximately $29 million. CrossAmerica acquired the State Oil...

Opening four stores by year’s end, with more to come
Bids due Jan. 19
Chain will keep name, become cooperative
Weather, pipeline issues weigh down quarterly results, but don’t hinder momentum
Deal creates highly integrated, geographically diversified refining, marketing and logistics company
Pending regulatory approvals, companies expect deal to close in early 2017
Real-estate, private-equity firm begins to build c-store portfolio, aiming for 400 stores