Stripes c-store owner to complete $50 million sale-lease back with National Retail Properties. Christi, Texas-based Susser Holdings, operator of 330 convenience stores in Texas and Oklahoma under the Stripes banner, is in the process of acquiring San Angelo, TX-based Town & Country Food Stores, operator of 140 convenience stores in Central and West Texas and…
couchetard eyeing shell sites
Canadian company looking to take advantage of dissolving MSO program. Alimentation Couche-Tard expressed its desire to expand further into the U.S. market making a bid for some of the 2,000 stations Shell plans to sell in the coming years. “We are always interested in any asset that can become available in the U.S. that can…
giant oil snatches 32 bp stations
Expansions and redesigns announced for new locations. Giant Oil has unveiled plans to acquire all 32 company-owned BP service stations in the Dayton, Ohio. market by the end of the year, according to the South Florida Business Journal. Tampa-based Giant Oil Inc.–which owns gas stations and convenience stores in Florida and Ohio as well as…
susser holdings to acquire towncountry food stores
Deal increases company-owned store count to 500, expands geographic footprint into West Texas and Eastern New Mexico. The industry’s merger and acquisition activity continued today in a big way as Susser Holdings Corp., the Corpus Christi, Texas operator and fuel supplier said it has signed a definitive agreement to acquire San Angelo, Texas-based Town &…
rutters stretches south
Chain explores the moving into Maryland to avoid taxes. Scott Hartman, president, told the York Dispatch of the plan to open about 10 new or expanded stores in 2008. The year after that, the 51-store chain will be looking toward the northern Maryland market. “We’ve had several good years here, and we hope to have…
quickchek comes to hampton township
Chain celebrates the grand opening of a new store. QuickChek, the privately owned, family-operated chain of more than 100 c-stores in New Jersey and Southern New York, will be celebrating the grand opening of its newest location in Hampton Township, N.J. The new 3,800-sq. ft. store will open to the public Sept. 25 following a…
ameristop assigned a receiver
Third-party called in for ongoing lawsuits. A judge this morning appointed a third-party receiver to handle Ameristop’s affairs after Cincinnati-based venture capital fund suing the convenience-store chain for failure to pay in a stock deal asked for the move. Ameristop has recently been making headlines for running out of gasoline supply as well as Coca-Cola…
pantrys big shareholder ups its ante
Oppenheimer Funds increases holding in the company to 10.21% The Pantry Inc.’s major shareholder, Oppenheimer Funds, has upped its holding in the chain from 5.94% to 10.21%, according to a U.S. Securities and Exchange Commission (SEC) filing. According to Yahoo! Finance, the move makes Oppenheimer the single largest shareholder in Sanford, N.C.-based chain, which has…
bp selloff continues
Company puts 34 sites in Ohio up for auction. BP has retained NRC Realty Advisors, LLC (NRC) to coordinate the sale of 34 sites located throughout Columbus, Cleveland and Cincinnati, Ohio marketing areas. Of the 34 sites, 17 are BP-branded gasoline stations of which two are closed and can also be offered for redevelopment for…
couchetard draws the line
Alimentation Couche-Tard Inc. revealed that it will slow expansion in the U.S. this year by buying only 200 to 300 stores, but annual revenue will exceed $14 billion U.S., according to the Montreal Gazette. “We’ll ease up from last year’s torrid pace, but fill gaps in our regional coverage, continue to raise efficiency and add…