Announced
Completed
Financials
Tags
gas stations
Private
Acquisition
Friendly
Specialty Retailers
fuel distribution sites
Majority
Single Bidder
United States
Private Equity
Completed
Synopsis
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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