In 2024, Richmond, Virginia-based GPM Investments reportedly took steps to sell its network of convenience stores, which by Jan. 1, 2025, numbered 1,389. At the same time, the company renewed its agreement with Blue Owl Real Estate Fund for Blue Owl to make $1.5 billion available for convenience-store acquisitions. When CSP contacted GPM regarding its potential sale, officials said they would not respond to rumors.
A wholly owned subsidiary of Arko Corp., the company has a "family of community brands" comprised of more than 25 regional store brands.
GPM Investments lay relatively dormant in 2024, with the purchase of 21 Speedy Q stores headquartered in Richmond, Virginia, in April. But, the chain has a history of growth through acquisition.
In 2023, the company closed a $370 million deal for Transit Energy Group, West Memphis, Arkansas, and its affiliates, adding 135 c-stores to the company's operational footprint and expanding its southern retail territory into Alabama and Mississippi. The deal included 181 dealer locations as well. Later that same year, GPM closed on its acquisition of WTG Fuels Holdings LLC, owner of 24 Uncle's Convenience Stores, 68 Gascard-branded cardlock sites and 43 private cardlock sites.
In 2022, the retailer acquired Pride Convenience Holdings LLC, which operated 31 convenience stores in Massachusetts and Connecticut, for $230 million.
For benchmarking purposes, store counts are as of Jan. 1, 2025.
| Headquarters: | Richmond, Virginia |
|---|---|
| No. of Stores: | 1389 |
| Rank: | 7 |
| Rank Last Year: | 6 |
| Website: | https://gpminvestments.com/ |