Circle K Acquires 62 Stores Across Nine States
TEMPE, Ariz. — Circle K Stores Inc. is building up its portfolio with its latest deal spanning nine states.
According to the Greater Baton Rouge Business Report, the convenience store retailer purchased 62 stores from Greatstone Equities Inc., a Las Vegas investment firm.
The news outlet specifically noted two Baton Rouge, La., Circle K locations that were included in the deal. The sale documents were filed with the East Baton Rouge Parish Clerk of Court's Office on Dec. 30.
As part of the transaction, Greatstone also sold stores in Arizona, California, Florida, Nevada, New Mexico, North Carolina, Texas and Washington. Other Louisiana stores may have been involved, but the sale documents do not list the cities where the stores are located, the report stated.
Circle K's parent company, Canadian retailer Alimentation Couche-Tard Inc., could not be reached for comment when contacted by CSNews Online.
Couche-Tard revealed in September that Circle K will become its global convenience store brand, as CSNews Online previously reported. The new Circle K brand will replace Couche-Tard's existing Circle K, Statoil, Mac's and Kangaroo Express branding on stores and service stations across Canada, the United States, Scandinavia, and Central and Eastern Europe. The brand will also appear on licensed stores across Asia.
Circle K is also moving into Ireland as a result of Couche-Tard's pending acquisition of 464 Topaz locations.