Converting the eight acquired stores to the Scotchman banner.
GPM Southeast, LLC, a wholly-owned subsidiary of GPM Investment, LLC, has taken ownership of eight One Stop Food Store convenience stores with gasoline sales.
GPM will convert these acquired stores, which are located in North Carolina and South Carolina, to their Scotchman retail brand, which is currently present in markets serving both of those states.
Currently, GPM is initiating updates to align these stores to the Scotchman brand. “We will continue to steer these eight stores on a successful course, while leaving our own unique imprint to make these new locations part of the GPM family,” said GPM President and CEO, Arie Kotler.
GPM Investments LLC is one of the largest privately-owned companies in the convenience store channel of business, currently operating 463 retail stores as well as 115 dealer locations. Upon completion of purchase of these eight stores, as well as the planned Road Ranger acquisition, which was previously announced, GPM will widen its reach to 629 stores in a total of 11 states. GPM operates under highly recognizable brand names including Fas Mart, Shore Stop, Scotchman Stores, Young’s, Li’l Cricket and BreadBox.