LUFKIN, Texas -- In a move to fine tune its retail mix and focus on its new "express" format, Brookshire Brothers has finalized its sale of 26 of its Polk Pick-It-Up convenience stores to Partners Investors C-Stores Ltd.
The sale was first announced in May.
As reported in a 21st Century Smoke/CSP Daily News Flash, the Lufkin, Texas-based grocer will keep its Polk Pick-It-Up c-store location in Hudson, Central Heights, Central and Wells, Texas, it said.
"The sale of these locations enables us to focus on our core business--providing an exceptional shopping experience for our customers in all of our formats, including the recently launched Brookshire Brothers Express banner," said Brookshire Brothers president and CEO Jerry Johnson.
Serving smaller communities than the company's larger supermarkets, the Brookshire Brothers Express format blends the best of a traditional supermarket with a convenience store, the company said. This hybrid approach allows maximum flexibility in tailoring the store to the community.
Most Express stores offer hot delis stocked with Brookshire Brother’s fried and rotisserie chicken, as well as hot breakfast and lunch offerings and produce and bakery items.
Some stores also have pharmacies.
"Convenience is king at Brookshire Brothers Express," the company says on its website. At Brookshire Brothers Express, we know our customers and our customers know us. We pride ourselves on providing outstanding products and service in an unbeatable convenience format."
Brookshire Brothers acquired Polk Oil Co. in 2007, operating it as a subsidiary.
Brookshire Brothers continues to expand its footprint. The employee-owned company opened new grocery-store locations in Hamilton and Pilot Point, Texas this summer and is on track to open its Canyon Lake store in December. Plans include a Grapeland store coming in 2016.
Brookshire Brothers used Corner Capital Advisors LLC, also based in Lufkin, for valuation and structured-sale advisory on the deal with Partners Investors C-Stores. The firm provides mergers and acquisition and specialty advisory in the downstream energy industry, including for convenience-store chains.
Founded in 1921, Brookshire Brothers is 100% employee-owned. Its assets include retail outlets incorporating grocery stores, convenience stores, as well as freestanding pharmacy, tobacco and gas-station locations. Its market stretches east to Lake Charles, La., west to Canyon Lake, north to Whitesboro, Texas, and south to Ganado, Texas.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.