HARRISBURG, Ark. — Jordan’s Kwik Stop Inc. has acquired the convenience-store and related assets of Nimocks Oil Co. Inc., which owned 11 Circle N Market stores and supplied fuel to dealers in eastern Arkansas.
Forrest City, Ark.-based Nimocks Oil is a second-generation marketer with deep roots in the local communities where its stores are located. With the sale, the co-owners, Mallory Nimocks and his wife, Carla, are exiting the industry.
“We have had a long and fruitful journey in this industry, and we are excited to begin a new chapter as we transition our stores, customers and employees to a neighbor that shares our passion for the business and our community values,” they said. “We know Jordan’s will continue our legacy and are pleased to have worked with them throughout this process.”
Jordan’s Kwik Stop has 44 c-stores in eastern Arkansas and one c-store in northeastern Mississippi. The stores offer Taco Bell or Subway quick-service restaurants.
Corner Capital provided business valuation services and used its structured sale process to assist Nimocks Oil in the transaction. The Santa Barbara, Calif.-based firm offers financial and strategic advisory services to refiners and marketers, retailers, terminal and transportation operators and others in the downstream energy industry.