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Mergers & Acquisitions

GPM Begins Operating 92 Roadrunner Markets

Now operates and supplies more than 1,100 sites in 18 states

RICHMOND, Va. --GPM Investments LLC has taken ownership of 92 Roadrunner convenience stores with fuel sales in North Carolina, South Carolina, Tennessee and Virginia operated by Mountain Empire Oil Co. (MEOC).

This acquisition, which GPM announced in February, will further develop GPM’s existing portfolio of stores in the Southeast region. It will continue to operate these stores under the Roadrunner Market brand name.

“The Roadrunner store employees have served customers with dedication and enthusiasm. We are eager to remain on the same path of service with passion and commitment,” said Chris Giacobone, COO of GPM.

“Bringing the Roadrunner employees into the GPM family was very important to our leadership team and we look forward to our continued development with Roadrunner,” he said. “The Broyles family established a great group of stores and they will be in good hands as our company continues to grow and expand.”

With the addition of the Roadrunner stores, GPM has widened its reach more than 1,100 c-stores. The company, based in Richmond, Va., operates or supplies fuel to stores in 18 states: Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Missouri, Nebraska, New Jersey, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee and Virginia.

Its stores offer specialty Perfect Harvest coffee and cappuccino, innovative beverage programs, a large selection of grocery items, such as fresh fruit, an exclusive E-vapors line and other products. It also offers a variety of proprietary food offerings ranging from fresh-made salads and sandwiches to healthy grab-and-go meals.

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