Partners Investors has owned the propertiesits only c-storesfor the past four years.
"We still own the real estate, but they handle everything as far as vendor relations and employees, and operate the stores as third-party management," Brown said of TETCO.[image-nocss]
He further told CSP Daily News in an exclusive interview, "They bring really good market presence, knowledge, overall experience. Their systems in place are greater than we're able to deliver with our 21 stores, so there are economies of scale."
The locations are spread throughout Texas, with 11 of them in the San Antonio area; 15 are company operated, and six have dealers in them. The c-stores will remain branded Big's, with the gasoline continuing to carry the Texaco, Valero and Shell brand names.
Brown declined to disclose any terms of the agreement.
TETCO is a San Antonio-based company, owned and operated by the Tom E. Turner family for more than 60 years. C-store operations and petrochemical distribution are the company's primary revenue sources, with significant interests in oil and gas exploration, real-estate development and paving and utility construction.
TETCO owns and services more than 800 c-store/gas stores in Texas, Alabama, Arizona, Colorado, Illinois, Louisiana, New Mexico, Oklahoma and Utah. The majority of its company-operated sites are in San Antonio, Dallas/Fort Worth and Austin, Texas.
Willtex Distributors and Willtex Stores served the state of Texas since 2001, according to its website. Operating its c-stores under the Big's trade name, the San Antonio-based company specialized in providing merchandise, food and fuel at affordable prices and in convenient locations.
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