Mergers & Acquisitions

Flyers Energy Sells Its 39 C-Stores

Will concentrate on other areas of business

AUBURN, Calif. --Flyers Energy has sold all of its 39 convenience-store and gas-station locations to the newly renamed Andeavor Corp., formerly Tesoro Corp., according to a report in the Auburn Journal.

Auburn, Calif.-based Flyers Energy is a third-generation family-owned business operated by the Dwelle family. It ranked No. 100 on CSP’s2017 Top 202 list of the largest c-store chains in the country. With the Andeavor deal, Flyers effectively exits the c-store industry, instead choosing to concentrate on other areas of business.

The company operates 39 Flyers c-store locations and 18 hybrid locations that act like franchises, but the operators pay Flyers a commission on sales. Flyers Energy is also a wholesale supplier of fuels and lubricants and operates 263 card locks (83 stand-alone and 180 retail sites) and 15 lube outlets (nine in Nevada and six in California). Flyers Energy is a branded distributor of Chevron, Shell and Valero fuel for both wholesale and retail.

Newly renamed, San Antonio-based Andeavor is an integrated marketing, logistics and refining company with more than 3,200 gas stations and convenience stores under multiple fuel brands, including Arco, SuperAmerica, Shell, Exxon, Mobil, Tesoro, USA Gasoline and Giant.

Watch CSP Daily News for details.

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