Uncover developments in the convenience retail industry as a result of mergers and acquisitions that could change the face of the competition.
The acquisition of the Midwest retailer brings foodservice programs and a new labor model.
The retailer expects to break ground this fall on the new facility, which will be in the southwest portion of its territory.
The latest transaction includes 56 Circle K stores valued at approximately $50.2 million.
Georgia-based Majors Management is transitioning the nine sites to Hop-In convenience stores.
Any potential tie-up would combine the largest domestic and international tobacco companies.
More than 90 former Andeavor stores are undergoing the conversion process.
The transaction includes 25 convenience stores in northern Michigan.
With the addition of the Northeast-based chain, the retailer will expand its U.S. network to nearly 1,700 stores.
Marathon Petroleum's retail network is seeing positive results in sites converted in the Southwest and Midwest.
Niazi Family Investments is selling the convenience stores, plus two truck stops.
The plazas benefit from exclusive rights granted under a long-term concession agreement with the Connecticut DOT.
Three stores were added so far in 2019, with more planned before the end of the year.