Circle K-owner Alimentation Couche-Tard has entered a binding agreement to acquire 20 company-owned and operated convenience retail and fuel sites operating under the Hutch’s brand. It also will acquire one land bank, located in Oklahoma and Kansas, the company said in its news release on its second-quarter fiscal year 2025 results.
The acquisition would mark the Laval, Quebec-based company's entrance into Oklahoma and Kansas.
The transaction is expected to close in the first quarter of calendar year 2025, Couche-Tard said, and is subject to customary closing conditions and regulatory approvals
Elk City, Oklahoma-based Hutchinson Oil Co. is a family-owned company that operates 20 Hutch’s c-stores in Oklahoma and Kansas. It was founded in 1969 by Ross Hutchinson. Its foodservice operations include the Huddle House, Coney Island and Hutch’s Deli.
In its earnings presentation, Couche-Tard said consolidating the U.S. market remains a priority.
- Alimentation Couche-Tard is No. 2 on CSP’s 2024 Top 202 ranking of U.S. c-store chains by store count. 7-Eleven is No. 1.
On Aug. 16, the company entered into a binding agreement to acquire 270 company-owned and operated convenience retail and fuel sites operating under the GetGo Café + Market brand from supermarket retailer Giant Eagle.
It has also put in a bid to acquire Seven & i, the Japanese parent company of 7-Eleven, Irving, Texas.
Couche-Tard operates in 31 countries and territories, with more than 16,700 stores. Its network includes more than 7,100 stores in the United States under the Circle K and Holiday Stationstores banners, and approximately 2,100 in Canada under the Circle K and Couche-Tard banners. In 2021, following a strategic review of its sites, Couche-Tard announced it would divest 355 sites in North America, including 48 sites in Oklahoma sold to Casey's General Stores Inc.
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