Mergers and Acquisitions

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Mergers and Acquisitions

Uncover developments in the convenience retail industry as a result of mergers and acquisitions that could change the face of the competition.

Marathon Petroleum Chairman and CEO Gary Heminger

Three months after forming a combined powerhouse, synergies hit $160 million in the fourth quarter.

PMG hung for-sale signs on several sites, including this on in North Brunswick, N.J.

The retail locations include PMG-owned convenience stores with gas and two Circle K franchisees.

Closed store

The 1.1-percent drop marks just the fourth time since 2000 that the total store count has fallen.

Speedway logo

Its network, including legacy Speedway stores, saw results increase by $435 million year over year.

Shell canopy

Shell New Energies US could spend between $1 billion and $2 billion a year until 2020 on commercial opportunities.

Sprint Food Store convenience store

The transaction will add 10 convenience stores to the retailer's current 20-store footprint.

TravelCenters of America location

The travel center operator also amends its lease terms with HPT, its principal landlord.

Sunoco LP

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.

Global Partners LP

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.

Thorntons

News about acquisitions, trends and store openings closed out the year.

Alimentation Couche-Tard Inc.and CrossAmerica Partners

The pact also calls for CrossAmerica to give its general partner real estate and 17 Upper Midwest c-stores.

Thorntons storefront

All existing c-stores will continue to operate under the Thorntons banner.

Coen Markets

Planned upgrades include expanded food options at newly acquired and previously owned stores.

Lil' Drug Store Products

The assets of Associated Distributors include sunglasses and cellular accessories.

Marathon and Andeavor logos

7-Eleven closed its largest acquisition ever, but Marathon and Andeavor took the No. 1 spot with their $23.3-billion merger.

Logos for Ney Oil and National Oil

Northwest Ohio assets include nine convenience store locations.

Quarles Petroleum Inc. closed out 2018 by closing on its acquisition of Revere Gas

The transaction expands Quarles' presence in eastern Virginia.

A Minit Mart convenience store

EG Group takes ownership of 225 Minit Mart locations in $330.8-billion deal.

Altria Group's Chairman and CEO Howard Willard

Chairman and CEO Howard Willard says its investment in Juul is the most sustainable opportunity to generate significant income in the e-vapor category.

Casey's General Stores logo

The deal includes seven Qwik Stop convenience stores in Wisconsin.

CrossAmerica's President and CEO Gerardo Valencia

President and CEO Gerardo Valencia says the company sees opportunity in the convenience M&A field.

Marathon and Andeavor logos

MPC Chairman and CEO Gary R. Heminger calls the transaction "a significant milestone."

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