Easter Surprise for Susser
Same-store sales up for second quarter, although fuel volume down
Top 101 Chains Reshuffling
At midyear, industry acquisitions poised to reshape CSP’s c-store rankings
When Hess Corp. filed for a tax-free spinoff of its retail business in January, could deal makers ever have imagined that the convenience store brand as they knew it would completely cease to exist in just three short years? The iconic bold green-and-white logo will soon make way for another icon, albeit a Midwestern one: Speedway’s red-and-white logo.
We love working with smaller fuel-distribution companies. They have unique personal dynamics. They bring many years of experience and knowledge to the table. For decades they have operated in their own sphere of influence, quietly and relatively immune to downward economic cycles. Yet once the owners of these companies decide to pursue a sale, something emotional (and perhaps physiological) happens.