Uncover developments in the convenience retail industry as a result of mergers and acquisitions that could change the face of the competition.
Three months after forming a combined powerhouse, synergies hit $160 million in the fourth quarter.
The retail locations include PMG-owned convenience stores with gas and two Circle K franchisees.
The 1.1-percent drop marks just the fourth time since 2000 that the total store count has fallen.
Its network, including legacy Speedway stores, saw results increase by $435 million year over year.
Shell New Energies US could spend between $1 billion and $2 billion a year until 2020 on commercial opportunities.
The transaction will add 10 convenience stores to the retailer's current 20-store footprint.
The travel center operator also amends its lease terms with HPT, its principal landlord.
The asset acquisitions total approximately 180 million gallons of fuel annually across four states.
Many of the market conditions that have acted as a catalyst seem firmly entrenched.
The bid deadline for these East Coast properties is Feb. 20.
The Convenience Store News Hall of Famer expects to continue being involved in the industry.
News about acquisitions, trends and store openings closed out the year.
The pact also calls for CrossAmerica to give its general partner real estate and 17 Upper Midwest c-stores.
All existing c-stores will continue to operate under the Thorntons banner.
Planned upgrades include expanded food options at newly acquired and previously owned stores.
The assets of Associated Distributors include sunglasses and cellular accessories.
7-Eleven closed its largest acquisition ever, but Marathon and Andeavor took the No. 1 spot with their $23.3-billion merger.
Northwest Ohio assets include nine convenience store locations.
The transaction expands Quarles' presence in eastern Virginia.
EG Group takes ownership of 225 Minit Mart locations in $330.8-billion deal.
Chairman and CEO Howard Willard says its investment in Juul is the most sustainable opportunity to generate significant income in the e-vapor category.
The deal includes seven Qwik Stop convenience stores in Wisconsin.
President and CEO Gerardo Valencia says the company sees opportunity in the convenience M&A field.
MPC Chairman and CEO Gary R. Heminger calls the transaction "a significant milestone."