As previously announced, Empire Petroleum Partners LLC has successfully closed on its purchase of 70 Corner Store convenience store properties in Arizona, Colorado, Florida, Georgia, Louisiana, New Mexico and Texas.
While Empire’s focus has been on developing a national wholesale distribution network, this acquisition springboards Empire into a multi-regional retail operator. “Empire is excited to grow its current retail network in Colorado and Texas, while also entering into new markets in Arizona and Florida,” stated Jeff Goodwin, chief operating officer at Empire.
Empire intends to hire as many of the former CST employees as possible to remain at the stores. “The dedication and tenure of the CST staff at these stores is one of the most important benefits we received in this acquisition, and we welcome each of our new employees to the Empire family,” added Goodwin.
Empire has been successful in consummating numerous transactions over the last six years. “We are excited to add these high quality assets to our portfolio, and to continue executing on our aggressive growth strategy in the years to come,” added Rocky Dewbre, the incoming new CEO at Empire.