Acquisition expands United Pacific’s footprint across Southern California.
United Pacific is buying 39 c-stores from Macland Investments, growing its network to 365 company-operated c-stores. The chain also has 55 fee-operated sites.
According to a report by the Los Angeles Business Journal, Macland Investments, which operates sites throughout Southern California under the Chevron, 76 and Shell brands, divested 39 stations to United Pacific. The sale also included seven car washes and five quick-service restaurants. Most of the properties are located in Los Angeles County.
Financial terms of the deal were not disclosed. Most of the Macland employees are expected to become part of United Pacific, which is owned by Tokyo-based SoftBank Group Corp.