Mergers & Acquisitions

GPM Continues to Grow in the Midwest

Jiffi Stop will join retailer's collection of former Road Ranger and Gas-Mart sites

PITTSFIELD, Ill. -- Adding to its Midwest network, GPM Investments LLC has acquired 20 Jiffi Stop convenience stores in central Illinois, and the Jiffi Stop name, from Smith Oil Co., Pittsfield, Ill.,  as reported by a McLane/CSP Daily News Flash.

Illinois Department of Employment Security spokesperson Bob Gough told The State Journal-Register that Jiffi Stop representatives said 17 employees of the corporate office would be laid off in early October, but for remaining workers, “the potential for employment with the new company is a very high possibility.”

In response to a CSP Daily News inquiry, a GPM spokesperson said, “GPM does not comment on acquisition rumors.”

GPM has been growing in the region. In March 2015, GPM took ownership of 42 Road Ranger convenience stores in Illinois, Iowa and Kentucky and has converted them to its Fas Mart brand. In February 2016, it took ownership of 15 Gas-Mart USA Inc. convenience stores in Illinois, Iowa and Nebraska.

Richmond, Va.-based GPM, a subsidiary of Israeli convenience store operator Petro Group Ltd., operates or supplies fuel to approximately 800 c-stores in Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Nebraska, New Jersey, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee and Virginia.

Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.


Exclusive Content


Looking Up: Limited-Time Offers on the Rise

These deals continue to grow in all mealparts, Technomic reports show

Company News

Knowing Growing: QuikTrip Flexes in 2023

C-store chain celebrates 1,000th opening, opens 13th medical clinic, more


Get Creative in Foodservice to Thrive in 2024, Technomic Says

Report: Operators must lean into tech, menu and service innovation, take advantage of existing ingredients and resources


More from our partners