Mergers & Acquisitions

H&S Energy Expands With 26-Store Deal

Acquires California Retail Management’s portfolio in Northern California, Nevada

ORANGE, Calif. — H&S Energy has acquired California Retail Management’s 26-station portfolio in Northern California, where it has had a significant presence since 2015. This deal also provides the family-owned and -operated traditional and alternative fuels station operator and convenience-store retailer the opportunity to expand into new territories, including Nevada.

The newly acquired locations have also expanded H&S’s convenience-store network with the addition of 12 Extra Mile c-stores and several food marts, which will be rebranded to H&S Energy’s proprietary c-store brand, “pm Power Market.”

This acquisition of the Carmichael, Calif.-based California Retail Management portfolio has also expanded H&S Energy’s fuel partnership relationships as the deal included six Phillips 66 Co. “76” fuel branded locations, which will be operated by H&S’s affiliate, Hassan & Sons.

“As a longtime friend of the principals involved in California Retail Management, we are pleased and honored that we were given the opportunity to bring their locations into the H&S Energy family network,” said Sal Hassan, president and CEO of H&S Energy, Orange, Calif.

These newly acquired locations also strengthen the company’s foothold in the Northern California market, as the synergies will be created to allow for better efficiencies in operational and marketing goals.

  • H&S is No. 118 on CSP’s 2021 Top 202 ranking of U.S. c-store chains by store count. Watch for the full 2022 Top 202 ranking in the June issue of CSP magazine.

In less than a decade, H&S Energy has grown considerably, and Hassan’s goal is to double the size of the company’s retail network within the next five years, and this latest acquisition helps H&S Energy meet that goal.

H&S was founded in 1996 under the leadership and direction of Sal Hassan, who was later joined by his brother Victor Hassan. The company built its first station in the city of Cypress, Calif. Since then, the company has built and acquired stations with various fuel and c-store partnerships. The company also operates a network of drive-thru car washes, full-service detail centers and automotive service repair sites.

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