Mergers & Acquisitions

GPM Acquires 7 Jiffy Stop Food Marts

Missouri locations expand regional portfolio

RICHMOND, Va. --GPM Investments LLC has taken ownership of seven convenience stores with fuel sales in Missouri under the Jiffy Stop Food Marts banner. CSP Daily News has learned that GPM has purchased the locations from Mid-Missouri Oil Co., Kaiser, Mo., which operates stores in Camdenton, Eldon, Kaiser, Lake Ozark, Osage Beach, Sedalia and Versailles, Mo.

This acquisition will further develop GPM’s existing portfolio in the Midwest region, the company said.

"We are very excited about these seven Jiffy Stop Food Marts. We plan to continue serving their customers with the same dedication and enthusiasm,” said Arie Kotler, CEO of GPM. “We look forward to our continued development as we grow through acquisitions.”

The company is retaining the stores’ employees.

“Bringing these employees into the GPM family was very important to our leadership team,” he said.

GPM, based in Richmond, Va., operates or supplies fuel to more than 1,100 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.

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