Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry
CITGO gas station

Deal includes 50 CITGO locations

MOUNT VERNON, N.Y. -- Atlantis Management Group (AMG) has acquired Food Bag, a convenience-store chain and CITGO-branded petroleum marketer. The transaction includes the purchase of more than 50 fee-simple sites and a transportation company. Kensington, Conn.-based General Equities Inc. operates...

Sunoco gas station

Terminates consent solicitations for bonds due 2021 and 2023, reaffirms timing

DALLAS -- Sunoco LP continues to anticipate a fourth-quarter 2017 closing of the $3.3 billion deal for 7-Eleven Inc. to acquire more than 1,100 of its convenience stores, subject to regulatory clearances and despite hitting a road bump related to its bonds. On Oct. 10, Sunoco started the consent-...

Honey Farms

Master limited partnership acquires 33 c-stores in Massachusetts, 11 with fuel

WALTHAM, Mass. -- Keeping true to its word about continuing to “remain active” on the mergers-and-acquisitions front, Global Partners LP has acquired 33 convenience stores from Honey Farms Inc. The retail fuel and convenience-store assets include 11 company-operated retail sites with fuel and c-...

honey farms mobile
MLP picks up 33 c-stores in New England, 11 with fuel

If the grocer decides to sell its convenience division, here are some possible buyers

Joe's Kwik Mart
Dunne Manning Realty acquires sites in Pennsylvania
Downstream deal includes refinery, cardlocks, more
Coen Oil
Sprague Resources acquires Coen Energy, but Ruff Creek Markets not part of deal
Kum & Go store
Investment company adds to its industry portfolio in Iowa
Rudy's Mart Gulf
Lehigh Valley sites offer car washes, Gulf-branded fuel