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New Deal


Announced

Completed

GPM Investments completed the acquisition of the fuel distribution activities of Empire Petroleum Partners for $400m.

Financials

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Transaction Value£303m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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gas stations

Private

Acquisition

Friendly

Specialty Retailers

fuel distribution sites

Majority

Single Bidder

United States

Private Equity

Completed

Synopsis

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GPM Investments, the largest privately-owned company in the convenience store channel of business, completed the acquisition of the fuel distribution activities of American Infrastructure Funds-backed Empire Petroleum Partners, a motor fuels distributor, for $400m. "Adding 1.5k wholesale fuel locations is a transformational event for our company, bringing significant strategic benefits and accelerating our next phase of growth. We welcome these dealers, along with Empire's corporate associates and the associates at the 77 retail stores to the GPM family and look forward to continuing the great service that has been provided by Empire," Arie Kotler, GPM Chief Executive Officer.

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