GPM Investments LLC is a wholly owned subsidiary of Arko Corp. An aggressive acquirer, in 2022, it completed a handful medium to large purchases. At the same time, the company moved many sites from owned and operated to dealer status, resulting in a decrease in total operated stores from a year ago from 1,415 to 1,404 this year, according to a spokesperson.

In September, GPM agreed to acquire 350 wholesale and retail sites, including 150 company-operated c-stores under the Flash Market banner and several other brands in Alabama and Mississippi from Transit Energy Group, Greenville, S.C., for $375 million.

In October, GPM acquired Pride Convenience Holdings LLC, which operated 31 convenience stores in Massachusetts and Connecticut, for $230 million.

In December, GPM agreed to acquire the retail, wholesale and fleet fueling assets of WTG Fuels Holdings LLC, a Midland, Texas-based c-store operator with 24 company-operated Uncle's Convenience Stores across western Texas, for $140.4 million. The transaction also includes nine independent dealer locations, 57 proprietary Gascard-branded fleet fueling cardlock sites and 52 private cardlock sites.

GPM Investments owns and operates numerous c-store brands, including Fas Mart, Shore Stop, ScotchmanBreadBoxYoung'sLi'l CricketNext Door StoreVillage PantryApple MarketJiffi StopAdmiralRoadrunner MarketsJiffy Food MartsE-Z Mart1 StopTownStarExpressStop and Handy Mart, among others.

For benchmarking purposes, store counts are as of Jan. 1, 2023.

No. of Stores:1404
Rank Last Year:6