GPM Investments to Acquire Certain Gas Mart Stores
February 9, 2016
RICHMOND, VA—GPM Investments, LLC signed an agreement to acquire 21 convenience stores in Illinois, Iowa and Nebraska from Gas-Mart USA, Inc. and its affiliates. This acquisition will further develop GPM’s existing portfolio of stores in the Midwest. The acquisition is expected to close in the first quarter of 2016.
GPM anticipates extending an offer to the existing operations employees of the acquired stores to join the GPM family.
“We are thrilled to continue our path of expansion and we view the acquisition of these stores as a very important part of our growth plan,” said GPM President and CEO Arie Kotler. “We have enjoyed serving our loyal customers in Illinois and Iowa, and we look forward to making these locations a new part of the GPM family, in addition to adding a store in Nebraska, near the Iowa border.”
About GPM Investments, LLC
GPM Investments, LLC, together with its subsidiaries, is one of the largest privately-owned companies in the convenience store channel of business. The company, based in Richmond, VA, operates or supplies over 750 stores in Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee and Virginia. These convenience stores have a wide array of food offerings, a house blend of coffee, fountain and packaged beverages, a large selection of groceries, tobacco, alcohol, and personal care products.