GPM will continue Southeast expansion.
GPM, a subsidiary of GPM Investments LLC, announced it has acquired 18 convenience stores with fuel sales in Florida from Town Star Holdings LLC.
Richmond, Virginia-based GPM now operates and supplies approximately 1,400 sites in 22 states.
This acquisition marks GPM’s entry into the Florida market. GPM plans to continue its expansion as part of its growth strategy in the Southeast portion of the country.
In addition, many of the Town Star stores have a strong food-service presence, with ten in-store Subway restaurants.
“We are very excited about the Town Star Stores. We have plans to launch our proprietary fas REWARDS loyalty program as soon as possible to offer our new customers great savings and value when they visit us,” said GPM CEO Arie Kotler. “We plan to provide these customers with quality service and superior products. Also, bringing the Town Star 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.”