LAVAL, Quebec — Alimentation Couche-Tard Inc. has acquired 19 convenience stores and two non-operating properties in New Mexico from Pic Quik Stores Inc. The transaction closed on Dec. 17.
The companies did not disclose the financial terms of the deal.
Las Cruces, N.M.-based Pick Quik was founded in 1958. The 19 sites are located predominantly in southern New Mexico. They are a strategic fit with Couche-Tard’s existing network, the company said.
“We are very pleased to welcome the Pic Quik locations and team to our Circle K family in New Mexico,” said Alex Miller, Couche-Tard’s executive vice president of operations for North America and global commercial optimization. “With this acquisition, we will be able to build on our strong network in the state and grow our mission of making our customers’ lives a little easier every day.”
- Couche-Tard is No. 2 on CSP’s2021 Top 202 ranking of U.S. c-store chains by size.
Laval, Quebec-based Couche-Tard’s 26-country global network includes approximately 9,300 c-stores in North America, with more than 7,100 in the United States under the Circle K and Holiday Stationstores banners in 48 states, and approximately 2,100 in Canada under the Circle K, Mac’s and Couche-Tard banners. In Europe, under the Circle K and other banners, Couche-Tard operates a retail network in Scandinavia, Ireland, Poland, the Baltics and Russia including more than 2,700 stores and unmanned automated fuel stations. And under licensing agreements, more than 2,200 stores operate under the Circle K banner in 15 other countries and territories (Cambodia, Egypt, Guam, Guatemala, Honduras, Hong Kong, Indonesia, Jamaica, Macau, Mexico, Mongolia, New Zealand, Saudi Arabia, the United Arab Emirates and Vietnam). This brings Couche-Tard’s worldwide total network to approximately 14,200 mostly Circle K-branded c-stores.
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