Maverik – Adventure’s First Stop, a fuel marketer in the Intermountain West, alongside its parent company FJ Management has agreed to acquire Kum & Go, an American convenience store chain, from Krause Group. The financial terms of the deal were not revealed. Kum & Go has more than 400 convenience stores across 13 US sites. […]
Global Partners LP, an American energy supply company, has acquired Virginia-based convenience store chain Miller’s Neighborhood Market in a move to grow its retail presence in the mid-Atlantic region. The financial terms of the deal were not disclosed. Through the deal, Global Partners LP gains 23 convenience stores of which are 21 are company-operated and […]
Convenience stores company 7-Eleven has wrapped up its previously announced $21 billion acquisition of convenience store chain Speedway from Marathon Petroleum. Speedway’s portfolio includes nearly 3,800 stores, which are located in 36 states across the US. The deal was announced last August. Commenting on 7-Eleven acquisition of Speedway, Joe DePinto – President and CEO of […]
Alimentation Couche-Tard, a Canadian convenience store chain, has agreed to acquire Convenience Retail Asia (BVI) (Circle K HK) for HK$2.79 billion (nearly $360 million) from Convenience Retail Asia, a Hong Kong retailer. Circle K HK is the operator of a network of Circle K-licensed convenience stores. The network includes 340 company-operated sites across Hong Kong […]
7-Eleven acquisition of Speedway : Convenience stores company 7-Eleven has agreed to acquire the Speedway convenience store chain from US petroleum refining company Marathon Petroleum for $21 billion in an all-cash deal. Under the terms of the deal, 7‑Eleven, which is a fully-owned, indirect subsidiary of Japan-based Seven & i Holdings, will acquire nearly 3,900 […]
Retail acquisition news : EG Group, a UK-based petrol forecourt convenience store retailer has made a $2.15 billion deal to foray into the United States by acquiring 762 convenience stores of American supermarket chain Kroger. Since October 2017, Kroger had been looking out for strategic alternatives for its convenience store business, including a possible sale, […]