Ports Petroleum Sell 42 Stores

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Ports Petroleum Sell 42 Stores

12/01/2005
RICHMOND, Va.--On behalf of Ports Petroleum Company, Matrix Capital Markets Group sold 42 Fuel Mart branded convenience stores to multiple buyers.

Select buyers of the units sold to date include seven units to Mac’s Convenience Stores (Circle K); six units to Magness Oil Company; four units to Giant Eagle; three to Campbell Oil Company, and two units to Love’s Travel Stops and Country Stores. The remaining units were sold to various acquirers and closings are currently in progress.

Matrix continues to accept offers on eight remaining locations, of which four are in Ohio, two in Georgia, one in South Dakota and another in Nebraska.