M&A can help offset high operating expenses caused by inflation, digital transformation, labor woes and other headwinds facing the industry, according to one expert.| C-Store Dive
The convenience retailer added 210 locations to its business with the move, expanding its reach to 14 states.| C-Store Dive
This marks the largest acquisition in the Atlanta-based retailer’s history and expands its reach in the northeast region.| C-Store Dive
Blue Owl Capital sold all 210 stores — which were previously leased by Mountain Express — to the Arkansas-based retailer last month, a source familiar with the matter confirmed.| C-Store Dive
The move came about eight weeks after reports surfaced that the Des Moines, Iowa-based retailer was exploring a sale.| C-Store Dive
Majors will get the MAPCO brand, loyalty program and numerous Southeast stores, while Couche-Tard will take over 112 locations.| C-Store Dive
The deal with Realty Income Corporation includes up to 415 stores under the Cumberland Farms, Tom Thumb, Fastrac and Sprint banners.| C-Store Dive
If approved, the deal for the stores in Germany, Belgium, the Netherlands and Luxemburg will grow the retailer’s footprint on the continent by 80%.| C-Store Dive
The $48 million sale, which was announced in March, did not initially identify the acquirer of the former EG America c-store brand.| C-Store Dive
The bid was worth 84% more than the average stock price in the month before the offer.| C-Store Dive
The deal came just one day after the fuel giant detailed plans to invest $1 billion into its EV charging program by 2030.| C-Store Dive