Hallum Sells Fuel & Retail Assets to Jackson Energy
SCOTTSDALE, Ariz. — Hallum Inc. exited the convenience store channel after 46 years in the industry with the sale of its retail assets to Jackson Energy.
The transaction also includes Arizona-based Hallum's fuel supply agreements. The convenience stores carry the Hallum Food Stores banner and sell Chevron- and Conoco-branded fuel. The fuel supply pacts consist of branded fuel — Chevron, VP, 76, and Conoco — and unbranded fuel.
All the assets are in Arizona. The companies did not disclose the purchase price.
Wayne Hallum started the convenience and fuel company in 1972 with one gas station in Flagstaff. Steve and David Hallum succeed him at the helm.
"After a comprehensive review of our operations and studying the current consolidation activity among c-store retailers and jobbers, it was clear that this was an opportune time to exit the business," said Steven Hallum.
Meridian, Idaho-based Jackson Energy was founded in in 1975 as a single service station. Jackson Energy has grown to be a nationally recognized marketer of more than 900 Chevron, Texaco, Shell, Phillips 66 and ExxonMobil branded locations in nine western states.
Affiliated company Jacksons Food Stores is chain of more than 230 convenience stores in the western United States.
Robert Valentine of Trefethen Advisors provided advisory services on the transaction. Whitney Cunningham and John Carlson of Aspey Watkins and Diesel provided legal representation for Hallum Inc.