Mergers & Acquisitions

Couche-Tard Purchases 62 Convenience Stores

DALLAS -- Circle K Stores Inc., a division of Canada-based Alimentation Couche-Tard, purchased 62 convenience stores in nine states from Greatstone Equities Inc., according to a report in the Greater Baton Rouge Business Report.

The deal includes stores in Arizona, California, Florida, Louisiana, Nevada, New Mexico, North Carolina, Texas and Washington, according to the report.

Dallas-based Greatstone Equities Inc. purchased some of the stores in May 1996 from Dallas-based Edgemont Realty Partners Ltd., the report said.

Laval, Quebec-based Couche-Tard's network includes 8,006 convenience stores in North America, including 6,579 stores offering fuel. Its North American network consists of 15 business units, including 11 in the United States covering 41 states (most currently branded Circle K or Kangaroo Express) and four in Canada covering all 10 provinces (most currently branded Mac’s and Couche-Tard).

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