Mergers & Acquisitions

Majors Management Adds Another 21 Stores

Fast-growing retailer enters Michigan for 1st time
Davis Oil C-Store
Photograph courtesy of Majors Management

LAWRENCEVILLE, Ga. — Retailer Majors Management LLC added 21 more convenience stores to its rolls this week with its acquisition of Davis Oil Co. With 21 c-store locations across western Michigan and fuel supply contracts with 11 commission marketers, the Davis Oil acquisition, announced Dec. 28, is Majors’ first entry into the state of Michigan.

“We are thrilled to transition the employees and customers of Davis Oil to the Majors’ family. After five successful acquisitions in 2023 and 18 transactions in just over three years, Majors now operates in 19 states,” said Majors Management President Ben Smith. “It is our privilege to serve the residents of Western Michigan for all their retail fueling and convenience needs, and to continue to enhance Majors’ reputation as a first-class transaction partner.”

The sale signals Davis Oil Co.’s exit from the c-store business. Davis Oil, Battle Creek, Mich., was established in 1966 as a fuel oil delivery company and soon grow to include several small service/gas stations. With the simple C-Store retail brand, it’s current version operated on the philosophy of being "your neighborhood c-store".

“The whole Davis family couldn’t be more excited about passing on our family’s legacy to Majors Management,” said CEO Jon Davis. “They are an upstanding group to say the least.”

NRC Realty & Capital Advisors LLC, Chicago, acted as capital advisors to Davis Oil in the deal.

In the last three years, Majors Management has completed 18 acquisitions across 14 states.

Lawrenceville, Ga.-based Majors Management is an owner, developer and operator of convenience stores and a distributor of branded motor fuels. It supplies fuel to more than 1,300 c-store locations. Majors partners with leading petroleum brands including BP, Shell, Chevron, Exxon, Marathon, CITGO, Mobil, Texaco, Valero, Phillips, Sunoco, 76 and Alon. Its current markets include Alabama, Arkansas, Arizona, Florida, Georgia, Illinois, Kansas, Louisiana, North Carolina, Mississippi, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia and Maine.

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