Mergers & Acquisitions

GPM Closes on VPS Midwest

Begins operation of 161 Village Pantry, Next Door Stores

RICHMOND, Va. --GPM Investments LLC has closed on the acquisition of and has taken ownership of 161 Village Pantry and Next Door Store convenience stores with gasoline sales in Indiana, Ohio, Michigan and Illinois from VPS Convenience Store Group LLC in a deal first announced in February.

GPM VPS Village Pantry and Next Door Store (CSP Daily News / Convenience Stores / Gas Stations)

This transaction adds to GPM's acquisition of the Southeast operations of VPS in August 2013, which included 263 convenience stores under the Scotchman, Young's, Li'l Cricket, Everyday Shop, BreadBox and Cigarette City names. Those stores are now a division of the company called GPM Southeast. They are located in North Carolina, South Carolina, Tennessee and Virginia.

Earlier this year, GPM began operating eight One Stop Stores that have been rebranded as Scotchman and 42 Road Ranger convenience stores with gasoline sales, while trimming a few nonstrategic assets.

GPM said it will continue to operate the former VPS convenience stores in the Midwest under the Village Pantry and Next Door Store brand names.

"Customers will continue to see great deals on fuel, snacks, beverages and more, and we will also introduce our own loyalty and discount programs,” said Senior VP of Marketing, Bill Reilly. “Just like our Road Ranger stores, we will launch our fasCASHBACK fuel discount card at Village Pantry stores in Indiana, a program which is also offered at our Fas Mart and Shore Stop locations. This card allows customers to receive discounts on every gallon of fuel purchased, up to 20 cents off per gallon, when they open up an account with us."

Starting in June, the Village Pantry and Next Door Store locations will also run a GPM created “Golden Ticket” game, which will gives one customer a chance to win $10,000.

Richmond, Va.-based GPM Investments is one of the largest privately owned companies in the convenience-store channel. Including the Village Pantry and Next Door Stores, GPM has more than 750 stores in 16 states. It operates under brand names including Fas Mart, Shore Stop, Scotchman Stores, Young’s, Li’l Cricket and BreadBox.

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