GPM completes its third acquisition of the year and becomes the 6th largest convenience store chain in the country with almost 1,400 sites.
A subsidiary of GPM Investments LLC, has taken ownership of eleven convenience stores with fuel sales in Michigan from DMJ Corp. This growth will further develop GPM’s existing portfolio in the Midwest region.
DMJ Corp. was founded in 1948 in Flint, Mich. by Don Sr. and his wife Edna Pietras and it is a third-generation, family owned retail gas and convenience store operator.
“Our core focus with this sale was to find a strategic buyer that would carry on the same high standards and values towards our customers and employees,” said Don Pietras, III, president of DMJ Corp. “My brothers Todd, Jason and I have been proud to continue the fine work of our father, Don Pietras Jr., and his father. It has been a privilege for the entire family to serve and support our local communities and we’d like to thank our loyal team of employees in representing our company with honor.”
In addition to the traditional c-store offerings, 1-Stop Stores have also become well-known for their proprietary loyalty program. In one year alone, 1-Stop customers earned over $163,000 in free fuel and $100,000 in free drinks and merchandise by means of the 1-Stop “My Savings Card.”
“We are very excited about acquiring the 1-Stop Stores. The Pietras family and their employees have served their customers with dedication and enthusiasm. We are eager to remain on the same path of service with passion and commitment,” said Arie Kotler, CEO. Kotler went on to say, “Bringing the 1-Stop family of associates into the GPM fold was very important to our leadership team. We look forward to our continued development as we grow together through acquisitions.”