NEWS
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“Atlantis Management Adds to New England Retail Footprint” Portfolio of 13 stations sold
"Red-Kap Sales Acquired by Stewart’s Shops" Petroleum Equity Group Advises Seller CSP BREAKING NEWS - Stewart’s Shops acquires Red-Kap retail gas and convenience store sites and wholesale distribution business. PEG provides analytics and valuation services to Red-Kap in advance of the sale.
"Why are Dozens of C-Store Chains Exiting the Industry?" What’s Behind the Trends CSP FORECOURT NEWS - PEG’s Ken Shriber discusses the acceleration of M&A despite the pandemic and comments on expected Post-COVID 19 activity.
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"New Rules: Coronavirus and Oil Price War Have Scrambled the Conventions of Fuel Retaining" CSP COVER STORY - Tom Kloza, OPIS Global Head of Energy Analysis, Joe Petrowski, Senior Advisor to Yesway, and Ken Shriber, Managing Director of Petroleum Equity Group discuss the oil markets, demand destruction, and indicators of future M&A activity in the sector.
"First EdgePetrol Customer in U.S. Signed Thru Alliance With Petroleum Equity Group" “Hough and EdgePetrol are an excellent fit and the roll out of Edge’s pricing software to 15 of their retail sites marks the start of an exciting and dynamic time for gas retailers across the US,” according to a press statement.
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"Petroleum Equity Group Announces Successful Sale of Americana Petroleum" Fuels Market News reports on sale of 8 retail gas and convenience store assets, wholesale fuel business, and delivery trucks to Atlantis Management Group.
"Atlantis Management Expands In Northeast" CSP Daily News reports on sale of Suffolk County-based Americana Petroleum and Major Fuel Carriers, which Petroleum Equity Group served as lead advisor.
"Go, Grow or Enhance?" CS News - Small Operator Section, September 2019 Issue, pages 30 - 34 Petroleum Equity Group’s Ken Shriber provides advice and commentary to Single Store Owners and Small Chain Operators as large chains of convenience and fuel marketers consolidate and grow.
"Acquisitions Continue to Narrow the C-Store Industry Ranks" CSP M&A News — Coverage follows the continued consolidation by big chains as they go deeper for deals. Petroleum Equity Group CEO Ken Shriber opines on a potential Cumberland Farms sale as news is released regarding two New York-based acquisitions by Marathon Oil and EG Group.
"COVER STORY: C-Store Industry Seller’s Market" NATIONAL REPORT — High purchase price multiples, stable borrowing costs, favorable tax law changes and aging owners have combined to create “the perfect storm” for convenience channel consolidation. PEG tells CSN that “this speaks volumes about the intense approach to acquire that all companies we deal with exhibit, and across the size spectrum.”
"Big Oil Makes a Major Retail Statement" COVER STORY — “The Thorntons chain acquisition combines high-volume outlets for BP fuels with a high-quality convenience-store chain with a large, visible, and attractive footprint,” says Petroleum Equity Group. “Given the lion’s share of stores surround BP’s corporate Illinois hubs and their Whiting, Ind., and Toledo, Ohio, refineries, the combination is strategically attractive for them. It is not necessary to actually manage the operations. That function is better left to the convenience-store experts.”
COMPANY HIGHLIGHTS
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A northeast US branded motor fuels distributor with retail sites and over 70 wholesale supply accounts in NY, NJ, CT, and PA transacts. See Press Releases section below for the official statement.
PEG completes the sale or lease of 10 retail gas sites in New Jersey and Pennsylvania, which were previously part of the Mountain Express bankruptcy proceeding involving a large portfolio of stores.
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A chain of 13 retail motor fuel locations in Maine with convenience stores, full delis and liquor, is acquired. See Press Releases section below for the official statement.
Northeast branded motor fuels distributor with retail engages PEG for strategic analysis, valuation and marketing services
Southeast high volume common carrier hires Petroleum Equity Group as its marketing advisor
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Maple Rock Exxon location, a cornerstone property in the heart of Glen Rock, NJ, is sold. PEG provided advisory services to the 2nd generation owner. See Press Releases section below for the official statement.
Northern New England retail motor fuel and c-store chain with full delis and liquor operations chooses Petroleum Equity Group as its advisor
50-year operator and owner of a high value central New Jersey property, seeks marketing assistance for its branded motor fuel site with service bays
PEG closes on master lease of 4 store locations in Pennsylvania owned by Shipley Energy. Store operations are transitioned from 7-Eleven.
New England operator with 18 retail gas and convenience locations hires PEG to advise on valuation and sale.
PEG represents and advises landlord on a branded, NTI location in Danbury, Connecticut. The 1.5-acre site includes branded motor fuels, a large-box 7-Eleven with a Laredo Taco QSR, and drive-thru. See Press Releases section below for the official statement.
Multi-branded distributor with a retail network of 70+ east coast locations hires PEG for a 5-store acquisition in their home state of Pennsylvania.
North Carolina-based branded motor fuels hauler/trucking company successfully sold in 1Q22. Buyer transitions with all personnel. See Press Releases section below for the official statement.
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Mid-Atlantic based branded motor fuels hauler/trucking company engages PEG for sale
Petroleum Equity Group completes sale transaction of 13 retail motor fuel locations and a branded wholesale business in Connecticut. See Press Releases section below for the official statement.
PEG announces the successful sale of 24-site, 2nd generation retailer in New Jersey and Pennsylvania. See Press Releases section below for the official statement.
A branded New England retail gas and c-store chain with a fuel distribution business engages PEG to advise on the sale of the companies.
PEG supports and advises 3rd generation, NY motor fuels distributor with retail sites and a wholesale network, on the sale of the company. See Press Releases section below for the official statement.
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A 3rd generation, 20-site branded Upstate NY c-store chain with a fuel distribution business hires PEG to perform valuation analysis and modeling in preparation for sale.
Petroleum Equity Group announces a sale-leaseback transaction for a retail chain of Timewise-branded gas and convenience locations, owned by CrossAmerica Partners and operated by Circle K, in the San Antonio, TX market. See Press Releases section below for the official statement.
In order to grow their footprint in the Northeast, PEG is engaged by a FL-based 70-site fuel distributor to purchase a c-store chain in Mid-Atlantic and Northeast states.
A Mid-Atlantic based and branded fuel distributor seeking to exit the business, with over 25 retail locations has hired Petroleum Equity Group to perform valuation analysis and provide marketing services.
PEG is engaged to analyze, value and advise on the sale of a family-owned, mini-truck stop outside Philadelphia, PA. The site is major oil branded with service bays, a c-store with food service, and is equipped for diesel fueling of large commercial trucks.
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Long Island-based motor fuels distributor with retail and wholesale fuels businesses and trucking assets is acquired through a structured offering. PEG serves as lead advisor to the 3rd generation seller. See Press Releases section below for the official statement.
London, UK-based technology company forms alliance with Petroleum Equity Group to bring revolutionary pricing automation, with real time data analytics, to the U.S. market. The integrated software tools allow fuel marketers to make enhanced, up to the minute pricing decisions while balancing margin, profitability, volumes and inside sales.
A national retail fuels and convenience store chain engages Petroleum Equity Group for sale-leaseback project involving a chain of big-box locations in the Gulf Coast
A New York-based distributor hires Petroleum Equity Group to develop a new fuel branding strategy in select markets within the company’s geographic footprint
New Jersey-based real estate company engages Petroleum Equity Group to assist with the sale of a retail gas station property for a higher and better use.