Mergers & Acquisitions News

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

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...

speedway

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...

acquisitions

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...

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

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

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

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