United Oil, based in Southern California, has completed an acquisition of 251 gas station and convenience stores from Pacific Convenience & Fuels (PC&F) operating under the My Goods Market and Circle K brands. With the acquisition complete, United Oil is set to begin doing business under the new brand name ‘United Pacific.’
The newly acquired stores primarily offer 76 and Conoco branded motor fuels. The acquired properties are located in California, Nevada, Oregon, Washington and Colorado.
United Pacific’s network will include 319 company-operated stores and 60 fee-operated and leased locations. The majority of PC&F’s employees will become employees of United, and United Pacific will now have over 2,500 employees.
“The combination of the two chains will provide for strong synergies and leverage the strengths of each organization,” said Joe Juliano, president and CEO of United Pacific. “This acquisition significantly expands our retail presence in the Western U.S. and strategically positions our company for future growth.”
Sidley Austin LLP acted as legal counsel to United Pacific and Baker Botts acted as legal counsel to PC&F.