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Couche-Tard Prepares To Close Holiday Acquisition

By CSD Staff | December 18, 2017

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Couche-Tard to divest 10 sites to buyer(s) approved by FTC to comply with regulations.

Alimentation Couche-Tard Inc. has obtained clearance from the U.S. Federal Trade Commission (FTC) to acquire all of the issued and outstanding equity interest of Holiday Stationstores Inc. and certain affiliated companies (Holiday).

Closing is expected to occur on Dec. 22, 2017.

Holiday’s main assets consist of 522 company-operated and franchise locations in 10 U.S. states, two food commissaries, and a fuel terminal. Holiday, a privately owned company, is an important player in the U.S. Midwest region, and has top quartile convenience and fuel volumes under the Holiday brand.

“We are very excited to announce this new addition to the Couche-Tard family,” said Brian Hannasch, president and CEO of Couche-Tard. “The Holiday assets are a strong strategic fit for our business and expands the Corporation’s reach to 48 of the 50 U.S. states. Adding the Holiday stores, commissaries and fuel terminal as well as its highly successful programs and employees pushes us further in our journey to become the world’s preferred destination for convenience and fuel.”

Following the review by the FTC of the acquisition of Holiday and in compliance with regulatory requirements, Couche-Tard has agreed to sell 10 sites, including one Holiday site and nine CrossAmerica Partners LP sites, to a buyer or buyers approved by the FTC within 120 days after the Decision and Order is issued. Until completion of the divestitures in accordance with the U.S. consent decree, the sites will be operated in the ordinary course of business by Couche-Tard.

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  • Home
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  • Categories
    • CBD
    • Foodservice
    • Fuel & Gas
    • Health & Beauty
    • Independent Operators
    • Operations & Marketing
    • Technology
  • CStore Playbooks
    • Alcoholic Beverage Playbook
    • Candy Playbook
    • CBD Playbook
    • Foodservice Playbook
    • Technology Playbook
    • Tobacco Playbook
  • Products
    • 2022 Hot New Product Contest
    • Hot New Products Contest
    • Beverages & Cold Vault
    • Candy, Gum & Mints
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    • Tobacco
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    • Research & Downloads
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    • 2021 Chain of the Year
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    • NAG Convenience Conference
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