RICHMOND, Va. — GPM Investments LLC and its affiliates have taken ownership of 15 convenience stores with gasoline sales in southern Illinois, Iowa and Nebraska from Gas-Mart USA Inc. and its affiliates.
This acquisition boosts GPM's portfolio in the Midwest. The company will initially operate the newly acquired stores under their existing brand names and consider transitioning some stores to a GPM retail brand.
Including previously announced transactions, by the end of March the company will widen its reach to more than 800 stores in 17 states.
Previous Gas-Mart USA employees at these stores were hired by GPM.
"Bringing them into the GPM family was very important to our leadership team" said Mike Emmons, vice president of the Midwest division. "It will be a great pleasure to continue serving customers with the same dedication and enthusiasm."
The Richmond-based company operates or supplies stores in Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Nebraska, New Jersey, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee and Virginia.