Mergers & Acquisitions

Cruizers Acquires Three FiddleStix Convenience Stores

Deal with Wil-Dor includes fuel distribution for 19 locations

CHAPEL HILL, N.C. -- Holmes Oil Co., the parent company of Cruizers Convenience Marketplace, has acquired three retail locations from Wil-Dor Inc., owner of the FiddleStix convenience store chain, as well as its fuel distribution business.

Cruizers Convenience Stores Holmes Oil

The companies did not disclose the terms of the transaction, but the deal expands Cruizers' footprint to 24 c-stores in the Triangle and along I-85 to the Virginia border, according to a report by The Triangle Business Journal.

The former FiddleStix c-stores in Raleigh and Burlington and Oxford will be rebranded as Cruizers stores. Cruizers plans to upgrade the existing locations, Edward Holmes, president of Chapel Hill, N.C.-based Holmes Oil, told the newspaper.

The company will also begin construction of a new Cruizers location in Durham in March, the report said.

It also adds 19 new dealer locations for Holmes Oil's fuel distribution business, which had previously offered Exxon fuel exclusively, said the report. With the acquisition, Holmes adds Valero-brand fuel to its portfolio.

Knightdale, N.C.-based Wil-Dor will continue to operate its seven remaining c-stores under the FiddleStix name. Wil-Dor also operates two Popeye's Chicken restaurants and plans to focus its attention on developing more restaurants, the report said.

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