“The acquisition further solidifies our relationship with Valero,” says Empire’s vice president of mergers & acquisitions.
Empire Petroleum Partners LLC has successfully acquired 13 former CST Corner Store locations in the State of Colorado from CST Brands Inc.
The purchase of these 13 CST locations is in addition to the 28 former CST locations acquired by Empire in Texas in Q4, 2014. The acquisition expands Empire’s growing footprint into the State of Colorado.
“Empire is excited to begin doing business in the great State of Colorado,” said Michael O’Brien, Empire’s vice president of mergers & acquisitions. “Colorado presents an opportunity for Empire to expand its footprint further into the Western U.S. The acquisition further solidifies our relationship with Valero; a relationship we hope to continue to build in the Rocky Mountain region and elsewhere.”
As with the former CST Texas locations recently acquired, Empire intends to hire as many of the former CST employees as possible to remain at the stores.
The 41 CST locations in Colorado and Texas acquired by Empire are part of a larger sale conducted by NRC Realty & Capital Advisors LLC that consisted of operating and former CST convenience stores with gas located throughout Arkansas, Arizona, California, Colorado, Louisiana, New Mexico, Texas, Utah and Wyoming.
Headquartered in Dallas, Empire Petroleum is a leading motor fuels distributor of top brands including Shell, Chevron, Valero, Sunoco, BP, Exxon, Citgo, Mobil, Marathon, Texaco, Gulf and ConocoPhillips. Empire currently distributes motor fuel products to gas stations in 29 states to over 1,200 customers.
