Virginia-based GPM Investments has acquired 63 Wisconsin-based convenience stores with gas from Riiser Fuels LLC.
The acquisition will further develop GPM’s existing portfolio of stores in the Midwest and is expected to close in the fourth quarter of 2019.
“Riiser prides itself in providing the ultimate buying experience to customers by providing quality products and services. The transition to GPM will only enhance those offerings,” said Riiser President, Don Draughon.
Virginia-based GPM Investments is one of the fastest-growing c-store chains in the country and operates about 1,400 convenience stores in 23 states. It is expected to close on the sale in mid-November. Terms of the sale have not been disclosed.
“We enjoy serving all of our current customers and are thrilled to begin serving new customers in the great state of Wisconsin,” said GPM President and CEO Arie Kotler. “We look forward to our expansion as we make these stores, sales associates, and customers a new part of the GPM family.”
