Mergers & Acquisitions

Kwik Chek Acquires Cleo’s Convenience Stores

Eight-store chain changes hands in Southern Texas

BONHAM, Texas -- Taylor-Smartt LLC, doing business as Kwik Chek Convenience Stores Inc., has purchased Cleo Bustamante Enterprises Inc.’s chain of eight convenience stores.

The Cleo’s Convenience Stores are located in Southern Texas in Asherton, Carrizo Springs, Crystal City, Eagle Pass and La Pryor.

Four stores are co-branded with Subway quick-service restaurants (QSRs), one store is co-branded with both a Subway and a Church’s Chicken and one store is co-branded with a Subway and a Papa John’s. Four stores have laundromats and one store has an automatic car wash.

Seven of the stores market Valero-branded gasoline and one markets Shell-branded gasoline.

“Our family is proud of the convenience-store chain we have built over the years and are pleased to be able to turn over the operation of these stores to a high-quality company like Kwik Chek,” said Cleo Bustamante, president of Cleo Bustamante Enterprises, Carrizo Springs, Texas. “The transition of the stores to them has been extremely smooth.”

NRC Realty & Capital Advisors LLC, Chicago, served as exclusive financial adviser to Cleo Bustamante Enterprises in connection with the sale.

Bonham, Texas-based Taylor-Smartt has 36 c-stores and grocery stores in Texas and Oklahoma.

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