Year in Review: Top M&A Deals of 2017
NEWARK, N.J. — Consolidation continued to be the name of the game as the convenience store industry closes the book on another year.
Two major deals grabbing headlines this year were 7-Eleven's agreement to buy more than 1,000 stores from Sunoco LP for a staggering $3.3 billion and Berkshire Hathaway's first step — a 38.6-percent equity stake — in acquiring Pilot Flying J.
These are the top 10 M&A headlines of 2017 in the convenience channel, as reported by CSNews Online:
The stores, which are just part of the asset purchase agreement, are located in 18 states.
Makes minority investment in first step to taking majority stake in 2023.
The $4.1-billion deal creates a 3,000-plus station operation.
Couche-Tard has increased its convenience store count in the United States and Canada by nearly 1,300 locations, including 666 stores in Texas.
Delek US acquires all the remaining outstanding shares of Alon common stock in an all-stock transaction that closed July 1.
Southeast c-stores will retain their banner.
Midwest deal includes more than 500 c-stores, food commissary.
Deal includes assets of Pitt Stop operator the Brandi Group.
The properties consist of 34 convenience store and gas stations.
The company also looks to grow in northern Mexico.