ARKO to acquire Transit Energy Group from Energy Capital Partners for $450m.

ARKO, a convenience store operator and fuel wholesaler, agreed to acquire Transit Energy Group, a fuel services provider, from Energy Capital Partners, a private equity firm, for $450m. “We believe this significant, accretive acquisition will drive strategic growth with the addition of an exceptional team, well-known stores and other assets to our Family of Community Brands. A deal of this magnitude complements our core capabilities and will create long-term value for ARKO stockholders and valuable synergies given our existing footprint and proven strategy of adding value to strong local brands while keeping jobs in place," Arie Kotler, ARKO President, Chairman and CEO.