Mergers & Acquisitions

Rmarts Acquires 10 Minute Man Sites From Texor Petroleum

May rebrand some locations to Fillinup

DEERFIELD, Ill. –Rmarts LLC has acquired 10 Minute Man convenience stores with gasoline from Texor Petroleum Co., Riverside, Ill., for an undisclosed amount, CSP Daily News has learned.

Deerfield, Ill.-based Rmarts has two c-stores, one Shell-branded gas station in Chicago and one Fillinup location in Carol Stream, Ill. It also had three locations that were Circle K commissioned marketer sites that Alimentation Couche-Tard Inc., Laval, Quebec, converted to company operations.

With the Minute Man acquisition, which closed on Dec. 15, Rmarts now has a total of 12 locations in the Chicago market.

“There’s a chance that we may convert some of these [Minute Man sites] to Fillinup,” Ryan Razowsky, director of operations for Rmart, said. “But we feel like the Minute Man brand has built a pretty strong identity, and that they have a customer base that knows that brand really well. So we’re going to be pretty cautious about picking and choosing what sites we convert to the Fillinup brand and what sites we choose to continue to operate as Minute Man.”

  • Click here to learn more about Rmarts' Fillinup brand.

He said the Minute Man sites are “very strong locations that have a very dedicated customer base. And they do some things really well that we don’t do well, and vice versa. For example, they’re the best in the business at selling tobacco. And we’ve always considered ourselves really good at putting in healthy sets and utilizing local vendors to change up the offering, so we’ve felt like we could lend some value there by changing up sets and tailoring the focus toward expanding the customer base.”

Bill McCloskey, who was director of retail operations for World Fuel Services, dba Texor Petroleum, will join Rmarts as COO for retail and marketing. Razowsky will be named executive vice president.

“The Texor Minute Man company as a whole built an unbelievable team,” Razowsky said. “We’re excited to work with them. And we’re particularly excited to work with Bill McCloskey. He’s been the director of these operations for 26 years. We thought partnering with him brought a lot of value to the table, as well.”

“I am extremely excited, as well, to work with a talented young man like Ryan, who grew up in this business with his father Rob,” McCloskey said. “Together, our two teams will thrive.” 

Miami-based World Fuel Services Corp., a global fuel logistics company engaged in the distribution of fuel and related products and services in the aviation, marine and land transportation industries, acquired Texor Petroleum in 2008.

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