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, 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, TownStar, ExpressStop and Handy Mart, among others.
For benchmarking purposes, store counts are as of Jan. 1, 2023.
|No. of Stores:||1404|
|Rank Last Year:||6|