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

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.