Mergers & Acquisitions

Winnsboro Petroleum Sells 24 Pops Mart Convenience Stores

Sale to new entity Pops Mart Fuel marks company’s industry exit
pops mart

COLUMBIA, S.C. — Winnsboro Petroleum Co. closed on the sale of its 24 Shell- and CITGO-branded Pops Mart convenience stores to Don Draughon and JD Dykstra, marking its exit from the industry. The stores are in the greater Columbia, S.C., market.

Winnsboro Petroleum was a multi-generation petroleum marketer led by Bill McMaster, the owner and CEO who represented the third generation at the helm of the Winnsboro-based business.

“Given the changing nature and sophistication of the convenience-store industry over these past years, it became apparent that selling the business was the best option of our family and our employees.” McMaster said. “Selecting Don and JD as our buyer made optimal sense since they were committed to preserving our entire staff to support their new store acquisition platform.”

Draughon and Dykstra formed a new entity, Pops Mart Fuel LLC, West Columbia, S.C., to complete the acquisition.

All Winnsboro Petroleum employees who wanted to stay on were retained at closing. Pops Mart Fuel plans to grow through acquisitions and is actively seeking opportunities, the company said.

PetroActive Real Estate Services LLC, Miami, provided exclusive advisory services to Winnboro Petroleum for this transaction.

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