Mergers & Acquisitions

GPM to Acquire Roadrunner Markets

Expects to close deal for Mountain Empire Oil’s 92 c-stores in second-quarter 2017

RICHMOND, Va. -- GPM Investments LLC has signed an agreement to acquire Mountain Empire Oil Co. Inc., operating as Roadrunner Markets, including all 92 convenience stores with fuel sales and seven quick-service restaurants (QSRs).

The units are located in North Carolina, South Carolina, Tennessee and Virginia.

With this deal, GPM will widen its reach to more than 1,100 c-stores.

The company expects the acquisition to close early in second-quarter 2017.

Mountain Empire Oil is based in Johnson City, Tenn.

Based in Richmond, Va., GPM operates or supplies fuel to stores in Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Missouri, Nebraska, New Jersey, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee and Virginia.

Watch for details in CSP Daily News.

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