Acquisition of CoGo’s grows Coen Markets’ footprint and allows it to offer its signature foods to a wider market.
Coen Markets Inc., a division of Coen Oil Co. LLC, has signed a definitive agreement to purchase the outstanding stock and operating assets of CoGo’s Co. located in Pittsburgh.
CoGo’s operates 38 convenience stores and has a franchise program. CoGo’s has been serving its guests since 1962 and has been owned by its founding family since.
No financial details are being released.
“We are thrilled to announce Coen’s latest acquisition. CoGo’s footprint is highly complementary to Coen’s existing stores. Together, the chain will have over 65 directly operated locations in Pennsylvania, West Virginia, Ohio and Maryland, with a supporting franchise network,“ said Charles McIlvaine, Coen Market’s CEO.
“The combined platform will enable Coen to expand it’s guest engagement and offer to a larger market its signature food offerings, including our famous chicken made fresh in-stores, all-natural, hand-cut jojos, CoGo’s famous pepperoni rolls, and our bean-to-cup coffee,” McIlvaine further remarked.
“We are proud of our team and the business that we have built at CoGo’s. Like Coen, CoGo’s is and has been family owned. We found that Coen’s culture and track record of success were a strong match to ensure continued growth,” added John Eby, CEO of CoGo’s, who will stay with the combined company in a senior leadership position.
Coen’s acquisition of CoGo’s follows the sale of its Coen Energy business in the Fall of 2017, and the subsequent concentration on expanding its retail platform.