RICHMOND, Va. -- GPM Investments LLC has signed an agreement to acquire 273 convenience stores in Texas, Oklahoma, Louisiana and Arkansas from E-Z Mart Stores Inc. This acquisition will allow GPM to expand its existing portfolio of stores into the South. The acquisition is expected to close in the second quarter of 2018.
E-Z Mart Stores is a privately held, family-owned business established in 1970. The company’s store support center and maintenance facility are based in Texarkana, Texas.
GPM Investments LLC, together with its subsidiaries, is the largest privately owned company in the convenience-store channel of business. The company, based in Richmond, Va., operates or supplies fuel to more than 1,100 stores in Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Missouri, Nebraska, New Jersey, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee and Virginia. The chain ranked No. 6 in a year-end update of CSP’s 2017 Top 202 list of the largest c-store chains in the United States.
Watch CSP Daily News for details.