GPM Investments LLC is an aggressive acquirer of convenience-store chains large and small.
In 2020, it grew by about 60 convenience stores, largely with the closing of its acquisition of Empire Petroleum Partners, Dallas. That deal, first announced in December 2019, closed in October 2020.
It's c-store chain brands include Fas Mart, Shore Stop, Scotchman, BreadBox, Young's, Li'l Cricket, Next Door Store, Village Pantry, Apple Market, Jiffi Stop, Admiral, Roadrunner Markets, Jiffy Food Marts, E-Z Mart, 1 Stop and TownStar.
In December, GPM Investments' parent company, Arko Holdings, combined with Haymaker Acquisition Corp. II, a publicly traded special-purpose acquisition company, to create a new company, Arko Corp. Now trading on Nasdaq as ARKO, the coupling will "drive the next chapter" of GPM Investments' growth, according to CEO Arie Kotler.
GPM operates in three segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPM Petroleum, which supplies fuel to GPM and its subsidiaries selling fuel in the retail and wholesale segments, as well as to sub-wholesalers and bulk purchasers.
In 2020, GPM Investments also unveiled a new store prototype and plans to remodel about 360 of its stores over the next three to five years.
For benchmarking purposes, store counts are as of Jan. 1, 2021.
|No. of Stores:||1330|
|Rank Last Year:||7|