Majors Management LLC has completed its transaction with Compañía de Petróleos de Chile S.A. (COPEC) for the acquisition of 192 MAPCO-branded convenience stores in Tennessee, Alabama, Georgia, Mississippi, Arkansas and Kentucky. The deal, announced on April 27, 2023, also includes MAPCO Express Inc.’s wholesale fuel division, loyalty program, brand and other intellectual property.
The acquisition follows the closing by Alimentation Couche-Tard Inc., Laval, Quebec, of a transaction with COPEC for the acquisition of 112 company-operated fuel and convenience retail sites from MAPCO Express Inc.
MAPCO, based in Franklin, Tennessee, has 304 locations in Tennessee, Alabama, Georgia, Arkansas, Kentucky and Mississippi. It is a subsidiary of Santiago, Chile-based COPEC, which acquired it in 2016.
“The acquisition of MAPCO aligns perfectly with our long-term growth and expansion plans,” said Majors Management President Ben Smith. “We are confident that this transaction will bring together the strengths and expertise of two industry leaders to better serve the evolving needs of customers and markets. We are committed to growing the MAPCO brand and loyalty program and keeping MAPCO’s highest standards of service and quality to customers.”
The acquisition of MAPCO by Majors Management will leverage the collective knowledge, experience and resources of both organizations allowing it to expand its reach and offering to customers in new and existing markets, the company said. Customers and partners of MAPCO can expect a seamless transition, it said.
Lawrenceville, Georgia-based Majors Management is an owner, developer and operator of convenience stores and a distributor of branded and unbranded motor fuels. Majors Management and its affiliates supply fuel to more than 1,400 convenience stores. Its current markets include Alabama, Arkansas, Arizona, Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Maine, Michigan, North Carolina, Mississippi, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and West Virginia.
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