MIDLAND, Texas — Convenience-store retailer Kent Kwik, a unit of The Kent Cos., has entered into an agreement to acquire the assets of Bountyland Petroleum and Bountyland Food Service, based in Seneca, S.C.
The acquisition will include 11 company-operated Exxon-branded Bountyland stores, branded and unbranded dealer wholesale supply accounts and a transportation company. The acquisition will increase Kent’s portfolio to 72 company-owned and operated convenience stores throughout Texas, New Mexico, Oklahoma, Tennessee and now the Carolinas.
“Bountyland has a long history serving the North and South Carolina market, with a strong reputation of taking care of their employees and dedication to their customers. We are honored to continue their legacy of serving this market and giving back to the community. Bountyland is a great convenience-store chain that shares similar values and commitment. We are excited to welcome the Bountyland Team into our family.” said Bill Kent, owner and chairman of The Kent Cos., Midland, Texas.
The locations will continue to remain branded Bountyland Quick Stop with ExxonMobil fuels. “We expect that customers will continue to receive the same great service by the same great employees. We are thrilled that the leadership and team will continue operating the stores as normal.” said Bill Kent.
“The Bountyland Quick Stop name has been well recognized in Oconee County.” said David Land, owner and CEO of Bountyland. “We have delivered great customer service, convenient locations and great coffee for more than 50 years. Our owners, management, and employees are why we have been so successful and able to create an environment of friendly service to what we like to refer to as ‘Home of The World’s Greatest Customer.’ We chose The Kent Cos. to carry forward the same values and service as we have strived to provide. We look forward to introducing our customers to The Kent Cos. as ownership changes over the next few weeks. We thank you for the years of friendship and loyalty. Please welcome The Kent Cos. to the Carolinas!”
Investment bank Trefethen Advisors, Scottsdale, Ariz., provided advisory services to Bountyland.
Founded in West Texas by Buck Kent in 1957, The Kent Cos. began as Kent Oil and Kent Distributors and remains a family-owned business. It is comprised of multiple entities including Kent Kwik Convenience Stores, Mr. Payroll Check Cashing, Rustic Café, Huddle House, Baskin Robbins, Kent Car Wash, Kent Lubrication Centers and Kent Tire Co.