New company, Extra Mile Convenience Stores LLC, aims to double the number of ExtraMile sites by 2027.
Chevron U.S.A. Inc. is set to expand its successful ExtraMile convenience store brand, following years of steady growth, via a newly-created joint venture with Jacksons Food Stores, which will extend the brand across more of the Western U.S.
The ExtraMile system is currently made up of more than 700 convenience stores in California, Oregon and Washington. The new company, ExtraMile Convenience Stores LLC, which will be co-owned by Chevron and Jacksons, will extend the brand into further areas of the existing footprint as well as four more states.
Jacksons Food Stores currently operates more than 230 c-store sites in Idaho, Nevada, Utah, Arizona, Oregon and Washington.
The new company aims to double the number of ExtraMile sites by 2027.
“Jacksons Food Stores is a high-quality, industry-recognized c-store operator with expertise in all facets of c-store operations and distribution,” said Dale Walsh, president of Chevron Americas Products, a division of Chevron U.S.A. Inc. “We expect the newly formed venture to enable dramatic growth for the ExtraMile brand, while remaining exclusive to Chevron and Texaco stations.”
“We are honored to be part of this great opportunity to grow ExtraMile,” said John Jackson, CEO and president of Jacksons Food Stores. “We are committed to the long-term success of ExtraMile and will be rebranding all of our Jacksons/Chevron company-owned locations to ExtraMile. We are looking forward to combining the entrepreneurial spirit of the franchisees with the ExtraMile brand and the capabilities of Jacksons to become the leading convenience retailer in the West.”
The ExtraMile brand has experienced steady growth and set new standards in c-store retailing since the first store opened more than 10 years ago.
Chevron U.S.A. Inc will retain strategic oversight and control over the ExtraMile brand, which will continue to enhance and complement the Chevron and Texaco fuel brands.
The transaction to create ExtraMile Convenience Stores LLC is expected to be complete in early 2018. Certain Chevron employees who currently support the ExtraMile brand will become employees of ExtraMile Convenience Stores LLC.
