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Mergers & Acquisitions

GPM Takes Ownership of Riiser’s C-Stores

Entry into Wisconsin brings several new brands to growing portfolio

RICHMOND, Va. — GPM Investments LLC has taken ownership of the Riiser convenience-store chain of 63 convenience stores in Wisconsin from Riiser Fuels LLC. This acquisition, announced in September, brings brands including RStore, Mad Max, Baltus and Jetz into the GPM fold and marks the company’s entry into Wisconsin.

Before the deal closed, Riiser Fuels, Wausau, Wis., purchased Marshfield, Wis.-based Baltus Oil Co.’s eight Bread and Butter Shop c-stores in Wisconsin. These stores also join the GPM portfolio of brands.

“We are very excited about our expansion into Wisconsin with the Riiser stores,” said Arie Kotler, CEO. “We plan to provide these customers with the same great quality service and products they are used to. We’d also like to welcome the Riiser, Baltus, Mad Max and Jetz associates to the GPM family of brands.”

  • GPM is No. 6 in CSP's  2019 Top 202 ranking of c-store chains by number of retail outlets.

GPM Investments, based in Richmond, Va., operates or supplies fuel to more than 1,400 stores in 23 states. Its brands also include Fas Mart, Shore Stop, Scotchman, BreadBox, Young's, Li'l CricketNext Door Store, Village PantryApple MarketJiffi StopAdmiralRoadrunner MarketsJiffy Food MartsE-Z Mart1 Stop and TownStar.

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