The acquisition of Topaz plays a major role in Couche-Tard’s global expansion.
As a part of a previously announced deal, Alimentation Couche-Tard Inc. has finalized its acquisition of Topaz Energy Group Ltd. in Ireland.
The transaction, which was announced in December, has received the appropriate regulatory approvals and all final closing requirements have been completed.
Topaz, a leading convenience and fuel retailer in Ireland, is made up of 444 stations across the island of Ireland, including its recently acquired Esso station network. Of these stations, 158 are operated by Topaz and 286 by dealers. The agreement also encompasses a commercial fuels operation, with more than 30 depots and two owned terminals. The Topaz stores, including those recently acquired from Esso, will be rebranded with the new global brand Circle K.
“We are very excited to announce this new addition to the Couche-Tard family,” said Brian Hannasch, president and CEO of Couche-Tard. “We are pleased to have closed this transaction in such a timely manner, as it represents an outstanding opportunity for growth. We have been working closely with Topaz and we are ready to support it through the next phase of its development.”