With the Planning Commission’s approval, Kwik Trip now seeks permission from the Oshkosh Common Council. This week Kwik Trip received approval from the Oshkosh Plan Commission to proceed with plans to demolish an existing Lang Oil gas station on West Ninth Avenue in Oshkosh, Wis., and replace it with a new Kwik Trip that would…
7-Eleven to Acquire 28 PC&F Locations
“Year to date, 7-Eleven has added more than 400 new locations, and 2011 promises to be 7-Eleven’s biggest year for store growth since 1986,” says 7-Eleven VP of mergers and acquisitions. 7-Eleven Inc. has agreed to acquire the retail interests of 28 locations from Pacific Convenience & Fuels LLC (PC&F). Located in the western half…
ConocoPhillips Spinoff Details Emerge
As ConocoPhillips splits, it reveals which assets are set to be part of its new exploration-and-production company. ConocoPhillips plans to complete the spinoff of its refining company in the second quarter of 2012, providing stockholders with one share in the new refining entity for every two shares they currently own, the Wall Street Journal reported.…
Tesoro Acquires 290 Locations
As Supervalu divests stores, Tesoro plans to buy 51 Albertson’s Fuel Express stations, in addition to leasing 241 sites from Thrifty Oil Co. Tesoro Corp. is set to grow its fleet of retail stores by 25% with the acquisition of about 290 locations from Supervalu Inc. and Thrifty Oil Co. “The combined purchase and lease…
Fresh & Easy Express To Hit California
Tesco’s struggling Fresh & Easy chain to test a c-store version of the grocery store brand, after a successful push with Tesco Express in the U.K. Tesco PLC is set to test a new Fresh & Easy Express branch of stores, a smaller-format version of its Fresh & Easy grocery stores, in an effort to…
Marathon Petroleum Hungry For Acquisitions
Following its separation from Marathon Oil Corp., Marathon Petroleum is now preparing to grow its Speedway brand. Marathon Petroleum Corp., which spun off from Marathon Oil Corp. last month, is searching for acquisitions and seeking assets that meld with its strategy of refining oil and distributing the fuels produced, Reuters reported. “We have an appetite…
7-Eleven Buys 183 ExxonMobil Locations in Florida
7-Eleven Inc. has agreed to acquire ExxonMobil’s retail interests in 183 Florida sites. Included in the acquisition is a combination of company- and dealer-operated sites located in Orlando, Southwest Florida, Palm Beach and Broward County. The 183 sites include five unused parcels of land. The majority of locations will be rebranded as 7-Eleven operations, and…
Casey’s Completes Short Stop Acquisition
Ankeny, Iowa-based Casey’s General Stores Inc. has completed the acquisition of six convenience stores in Iowa owned by J.D. Carpenter Companies Inc. The stores operate under the Short Stop banner and are expected to be immediately rebranded to Casey’s. “After approaching Short Stop nearly three months ago, we were pleased with how smoothly the process…
Casey’s to Acquire On The Way Locations
Casey’s General Stores Inc. has entered into an agreement to purchase up to 19 convenience stores in Illinois owned by Harper Oil Co. Inc. The stores are currently operated under the “On The Way” banner and will be rebranded to Casey’s. Harper, which owns other On The Way stores, plans to continue to operate its…
Couche-Tard Acquires 12 Stores in Indiana
Alimentation Couche-Tard Inc., through its wholly-owned indirect subsidiary, Mac’s Convenience Stores LLC, is set to acquire 12 stores in the Indianapolis, Ind., area from Crystal Flash Petroleum LLC, which operates under the “Crystal Flash” banner. The transaction is anticipated to close in September 2010 and is subject to standard regulatory approvals and closing conditions. According…