Chestnut Market acquired three convenience stores in Tarrytown, Newburgh and Carmel, New York, from an undisclosed seller on Dec. 18. This acquisition marks a step forward in CPD Energy Corp.’s mission to grow its Chestnut Market footprint and serve more communities across the Hudson Valley region, the retailer said.
The Tarrytown location is the company’s second Chestnut Market store in that community, while the Newburgh and Carmel stores are its first in their respective areas. These additions underscore Chestnut Market’s dedication to strategic growth, said the company.
“These new locations are a perfect fit for the Chestnut Market brand,” said Faheem Jamal, director of c-store operations at Chestnut Market. “We are confident that these stores will thrive and become integral parts of their respective communities.”
As part of the transition, Chestnut Market plans to enhance the stores with its signature customer experience, which includes state-of-the-art facilities, added convenience and clean restrooms.
In October, the company also opened a new Chestnut Market c-store with Mobil-branded fuel in Old Lyme, Connecticut. To celebrate the grand opening, Chestnut Market presented a $1,250 donation to the Lyme-Old Lyme Food Share Garden.
CPD Energy, owner of Chestnut Market, is No. 93 on CSP’s 2024 Top 202 ranking of convenience-store chains by total number of company-operated locations.
Founded in the early 1980s by the Jamal brothers—Mickey, Sal, Cal and Sam—the company has expanded to 75 locations across New York, New Jersey and Connecticut. CPD Energy Corp. is a petroleum marketer distributing fuel to more than 250 sites in New York, New Jersey and Connecticut. Fuel brands include Exxon, Mobil, Shell, bp and Gulf.
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.