.
MergerLinks Header Logo

New Deal


Announced

ARKO to acquire the fleet fueling cardlock and fuel distribution business of Quarles Petroleum.

Financials

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

Tags

Edit

cardlock sites

Majority

Private

fleet fueling

Pending

fuel distributor

Friendly

Cross Border

United States

Specialty Retailers

Acquisition

Single Bidder

Synopsis

Edit

ARKO, one of the largest convenience store operators and petroleum wholesalers in the United States, agreed to acquire the fleet fueling cardlock and fuel distribution business of Quarles Petroleum, a petroleum products and energy solutions. Financial terms were not disclosed. "We believe that this high-volume, 24/7/365 business in prime locations cannot be replicated today, and will drive strategic growth. The acquisition of these assets complements and expands our core wholesale strategy, adding a mature fleet fueling platform and boosting our supply and distribution capabilities within our 33 states and Washington, D.C. fuel supply footprint," Arie Kotler, ARKO President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US