Legacy Markets Acquires 10 C-stores in North Carolina
HENDERSONVILLE, N.C. — Legacy Markets completed its acquisition of Triangle Stop Food Stores and JH Reaben Oil Co.
The transaction consists of 10 convenience stores in western North Carolina, which primarily serve the Hendersonville and Brevard communities.
"I want to personally thank Hall and Beau Waddell of Triangle Stop and JH Reaben Oil Company for helping us start the growth journey of Legacy Markets. We look forward to working with the Triangle team," said Legacy CEO Jack Helmick. "The owners have built a truly successful business and entrusted us with a legacy of excellent customer service, friendly staff and great local offers for our customers."
[Read more: HOP Shops Expands Into Indiana]
Legacy Markets is actively looking to build its business by acquiring convenience stores throughout the United States. The operator plans to maintain the brand, employee base and culture of an acquired entity, allowing the "legacy" of multigenerational selling shareholders to continue to contribute within their local markets, the company stated.
Legacy joins a growing group of small operators which have consolidated or merged within the last few years. Though recent headlines have been focused on larger players in the industry hammering out a potential deal, a number of smaller local businesses have started to operate under common umbrellas. In the last year, this has included Fischer Neighborhood Markets picking up 17 locations from Texas Mini Mart, and Shop Quik Convenience Stores selling its chain of 11 company-operated sites to U-Stop Convenience.
[Read more: True North Energy Picks Up 15 C-stores in Wisconsin]
Legacy Markets is a newly formed company based in Hendersonville. The retailer plans to open 60 company-operated locations in the Carolinas through both builds and acquisitions by the end of the year.