Englefield Oil Co., of Heath, Ohio, will just about double in size with the pending purchase of 43 BP c-stores in the Columbus, Ohio, area, according to the Newark Advocate.
Factoring in the acquired stores – the acquisition is expected to close in January – Englefield’s annual sales will be in excess of $1 billion. The company is owned by brothers Bill and Ben Englefield.
Ben Englefield told the Newark Advocate that the chance to buy the stores presented itself because BP is getting out of direct operations of its convenience stores, which are operated under the ampm brand. This purchase marks the fourth time Englefield has bought up some of BP’s stores, though this is the largest deal.
Twenty-five of Englefield’s new stores will continue under the ampm brand, while the remaining stores will carry Englefield Oil Co.’s Duke and Duchess brand, the Newark Advocate reported.
Englefield Oil Co. owns and operates 95 Duke and Duchess Shoppes throughout Ohio and West Virginia. This acquisition will add 600 employees to the company, bringing the total to 1,800.