WORCESTER, Mass. — Nouria Energy Corp. has completed the acquisition of 17 VERC convenience stores, including two with adjoining car wash operations.
VERC Enterprises, Duxbury, Mass., announced earlier this week that it has sold its 32 convenience stores in Massachusetts and southern New Hampshire to multiple c-store industry buyers including Energy North Group, Lawrence, Mass., Global Partners LP, Waltham, Mass., and one unspecified buyer. That third buyer is Worcester, Mass.-based Nouria Energy.
- Click here to read VERC CEO Leo Vercollone’s reflections on his more than 40 years in convenience retailing.
The acquisition adds further scale to Nouria Energy’s footprint in its strategic markets of Massachusetts and southeastern New Hampshire. The transaction brings the Nouria retail network it operates to 146 locations, from Hartford, Conn., to Waterville, Maine.
“My team and I are thrilled to have acquired these great stores, and I want to welcome the employees of VERC as team members to the Nouria family,” said Tony El-Nemr, president and CEO of Nouria Energy. “This expansion allows us the opportunity to welcome and serve new customers as our valued guests, offering them the exceptional Nouria service, superior value, innovative and good-for-you products that we commit to deliver every day, in every store, now in even more locations.”
The company plans to grow “aggressively” over the next 10 years through a combination of new builds and acquisitions, it said.
“We have the desire and resources to continue acquiring assets that meet our standards and our long-term growth strategy,” said El-Nemr.
- Nouria Energy is No. 58 on CSP’s 2020 Top 202 ranking of c-store chains by total number of company-owned retail outlets.
Founded in 1989 by Tony El-Nemr, Nouria Energy is a family-owned and -operated convenience store and fuel retailer. It has 163 convenience stores, of which 146 are company operated, more than 50 Golden Nozzle car washes, two lube centers, the Whately Diner and an energy wholesale business.