Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry
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Divests dealer supply business to United Fuel

DENMARK, Tenn. -- Longtime CITGO- and Valero-branded marketer Jerry’s Oil Co. Inc. has divested its entire branded and unbranded dealer supply business as part of a strategic industry exit. The sale allows buyer United Fuel LLC to expand its CITGO dealer network, add Valero to its portfolio of...


Company says sites enhance existing New York retail network

ENON, Ohio -- Retailer Speedway LLC signed an agreement April 16 for the purchase of 78 convenience-store locations held by Petr-All Petroleum Corp., Syracuse, N.Y. These stores are located primarily in the Syracuse, Rochester and Buffalo markets in New York and operate under the Express Mart brand...


Retailers and manufacturers pressured to maintain relevance

CHICAGO – The coming year may see increased merger-and-acquisition activity among both retailers and consumer packaged goods (CPG) manufacturers, with players in the convenience space potentially using M&A to drive not only growth but also innovation, according to a researcher. For CPG...

Enters into commission-agent agreement for stores not part of 7-Eleven deal

Indiana, Missouri, New York, Ohio, Tennessee top this month’s nationwide tally

Refiner wraps up conversion of West Texas c-stores to commission-agent model
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Seeks public comment on deals intended to satisfy FTC antitrust concerns
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Agency approves final order imposing conditions on acquisition of more than 1,000 c-stores
Two buyers split up convenience, car-wash chain
Acquires 9 locations in northern Kentucky with purchase of Harper Oil