ARKO to acquire the retail, wholesale and fleet fueling assets of WTG Fuels Holdings for $140m.

ARKO, an operator of convenience stores and wholesalers of fuel in the United States, agreed to acquire the retail, wholesale and fleet fueling assets of WTG Fuels Holdings, an operator of fuel, propane and convenience stores, for $140m. “The WTG Acquisition fits squarely in our long-term growth strategy and our commitment to create value for our stockholders. We believe we will add significant value to the WTG Business by leveraging our excellent integration capabilities, and we believe that the WTG Business will benefit considerably from our merchandizing and marketing initiatives. We expect that the WTG Business’ robust diesel business will advance our fuel strategy to maximize fuel gross profit dollars. We believe that Uncle’s and GASCARD are well-positioned to benefit from the scale and expertise at the heart of ARKO’s operations, and we welcome them to our Family of Community Brands,” Arie Kotler, ARKO Chairman, President and CEO.