The sale is set to close in the second quarter of 2016 and includes 18 c-store locations.

Valentine Stores Inc. has entered into a definitive agreement with a wholly-owned subsidiary of Sunoco LP to sell its retail convenience store business serving Upstate New York to Sunoco.

The transaction is anticipated to close in the second quarter of 2016, subject to confirmatory due diligence and other customary closing conditions.

This transaction includes 18 Valentine Stores locations, which include two Tim Hortons and five Subway quick serve restaurants inside of these locations, as well as one standalone Tim Hortons and one Tim Hortons in a convenience store operated by a third party.

Robert Valentine of Trefethen Advisors LLC is serving as advisor to Valentine Stores in this transaction.