Mergers & Acquisitions

Nouria Energy Acquires H.A. Mapes Inc.

Deal includes 9 Harry's c-stores and numerous dealer sites
Nouria acquires Mapes and Harry's
Logos/Nouria Energy & H.A. Mapes Inc.

Nouria Energy Corp. has acquired the assets of H.A. Mapes Inc., a distributor of fuel and convenience-store operator in Maine.

The acquisition includes 13 “owned series locations” and 9 stores previous branded Harry’s, as well as other dealer locations.

“The Mapes family believes that it is our employees and customers who expanded our 87-year-old business,” said Jonathan Mapes, CEO and owner of H.A. Mapes Inc. “Exiting the essential petroleum business, we are comforted knowing staff, customers and the communities we serve will transition favorably into the like-minded organization of Nouria."

  • Nouria Energy ranked No. 48 on CSP's 2023 Top 202 list of the largest c-store chains in the country.

Nouria Founder and CEO Tony El-Nemr welcomes Mapes' employees to the Nouria family.

“Today marks the beginning of an exciting journey where our collective talents and expertise will merge to create something truly exceptional for our customers and team members,” he said. "This acquisition marks a significant milestone for Nouria. With this purchase, we continue our mission to grow and deliver more value to our customers and employees. The addition of the Harry's brand of convenience stores (and the dealer locations) further strengthens our position in the Northeast market."

In a simultaneous move, Nouria Energy has strategically arbitrated the purchase of H.A. Mapes’ transportation business by Brown Bear Co. This sale enables Nouria to streamline its operations, maintain strategic focus and leverage core competencies to drive long-term growth, the company said.

"We are excited about this opportunity to expand our retail footprint and diversify our dealer network," said El-Nemr. "While we've had a brief ownership of H.A. Mapes’ Transportation Division, we believe that under the stewardship of Brown Bear Company, the legacy of the brand will continue to flourish."

In business since 1936, H.A. Mapes is based in Springvale, Maine. Investment bank Matrix Capital Markets Group Inc., Richmond, Virginia, advised H.A. Mapes Inc. in the deal. Springfield, Massachusetts-based Brown Bear Co. provides bulk fuel delivery services throughout the Northeast.

Worcester, Massachusetts-based Nouria Energy Corp., founded in 1989, is a family-owned business that operates convenience stores and fuel retailers across New England. Its c-store operations include 175 company-owned locations and a vast dealer network. It also owns and operates almost 60 independent car wash locations in New England under the Golden Nozzle brand.

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