CHICAGO — Thousands of convenience stores changed hands in 2018, led by major deals for EG Group, ArcLight, Chevron (pictured here) and others. Here are the three segments of the industry that drove the most activity ...
2. Foreign investors
One of the surprises of 2018 was EG Group, the U.K. retailer that acquired not only the Kroger convenience-store chain but also the Minit Mart c-stores from TravelCenters of America. Two Chilean companies, Compania de Petroleos de Chile S.A. (COPEC) and Enex, also made aggressive moves over the past two years.
3. Private equity
Warren Buffet’s Berkshire Hathaway private-equity group made news in 2017 with its investment in Pilot Flying J, Knoxville, Tenn. ArcLight’s partnership with BP on the Thorntons deal and Beverly, Mass.-based Brookwood Financial Partners’ growing Yesway chain were memorable in 2018.