The c-store mergers and acquisitions that defined 2025

Although many deals happened this year, several stood out due to their size as well as what they meant for the companies and markets involved.

By Brett Dworski • Dec. 10, 2025

Little General Stores buys 5 sites in West Virginia

All of the U-Save sites are in Nicholas County, further cementing the retailer’s presence in the heart of the Mountain State.

By Jessica Loder • Dec. 9, 2025

Freedom Oil sells its 27 c-stores to Midwest competitor

Nearly all of the sites are located in central Illinois, with about a third of them in neighboring cities Bloomington and Normal.

By Brett Dworski • Dec. 9, 2025

California fuel distribution firm expands reach with acquisition

In buying McCormix Corporation, JB Dewar gets three cardlock sites, a fuel transportation fleet and the only marine fuel dock in the Santa Barbara Harbor.

By Jessica Loder • Dec. 8, 2025

Anabi acquires 12 c-stores in California

The deal includes nine Cox Family Stores near the San Francisco Bay area and three in the Lake Tahoe region.

By Brett Dworski • Dec. 5, 2025

Brew Oil acquires 14 sites in Iowa

The Midwest retailer purchased 13 c-stores and one smoke shop from local entity Danlee Corp., bringing its footprint to nearly 50 sites across the Hawkeye State.

By Brett Dworski • Dec. 1, 2025

3 Big Numbers: A slow year for M&A

A report from investment banking firm Capstone Partners breaks down the state of c-store acquisitions in 2025 and how it stacks up to previous years.

By Jessica Loder • Nov. 21, 2025

Fueling Up: Pizza Hut might be up for sale. Could a c-store chain take a slice?

Retailers are competing with QSRs and focusing on fresh food more than ever. Following RaceTrac’s recent deal for Potbelly, who says a c-store buyer is out of the question?

By Brett Dworski • Nov. 13, 2025

BP to sell 10% of company-operated c-stores

The move is part of BP’s strategy to cut $2 billion in expenses by 2026, which has also included thousands of layoffs.

By Brett Dworski • Nov. 10, 2025

Could Yesway be on its way out?

The retailer’s Midwest exit underscores the challenges it and its parent company have faced since axing IPO plans in 2022. Is a sale of the entire business looming?

By Brett Dworski • Nov. 10, 2025

3 Big Numbers: What’s going on in Iowa?

Two banners are entering the Hawkeye state for the first time as the Kum & Go brand makes way for new owner Maverik.

By Jessica Loder • Nov. 7, 2025

Sunoco finally landed Parkland. Now comes the real challenge.

The Dallas-based oil company has more than doubled its c-store network with the $9.1 billion deal. Can it turn around Parkland’s struggling U.S. business?

By Brett Dworski • Nov. 6, 2025

Fast Stop enters Iowa with 3-store deal

The retailer is adding the Hawkeye state to a far-flung footprint that also includes locations in Louisiana and New Mexico.

By Jessica Loder • Nov. 5, 2025

Sunoco closes $9.1B Parkland acquisition

The Dallas-based oil company now owns the Canadian retailer’s 3,600-plus sites across North America, including 699 U.S. locations. Parkland’s president and CEO is expected to resign after 14 years.

By Brett Dworski • Nov. 3, 2025

Couche-Tard selling 36 Circle K stores in the US

The sites, scattered across 14 states, no longer fit with the Canadian retailer’s brand and market strategy, according to a spokesperson.

By Brett Dworski • Nov. 3, 2025

Kent Companies enters Louisiana with 15-store acquisition

With the purchase of regional competitor B&B Petroleum, the Kent Kwik operator continues its Southern expansion.

By Brett Dworski • Nov. 3, 2025

3 Big Numbers: How 3 retailers are progressing through M&A

Parkland, Oxxo and United Fuels Midwest are all at different points in their journeys, highlighting just how diverse acquisition and divestment experiences can be.

By Jessica Loder • Oct. 31, 2025

Midwest c-store, fuel operator exits the business

United Fuels Midwest has sold its eight convenience stores and five travel centers across Minnesota and South Dakota to Casey’s and other competitors.

By Brett Dworski • Oct. 30, 2025

Former Kum & Go owner claims Maverik pledged to keep banner name

Kyle Krause told the Des Moines Register he was surprised when Maverik began retiring the Kum & Go brand, noting the company had expressed intentions to keep both chains.

By Brett Dworski • Oct. 29, 2025

Parkland stumbles in the US as Sunoco deal nears finish line

With its $9.1 billion sale to Sunoco expected to close this week, the Canadian retailer reported yet another quarter during which its U.S. fuel and c-store revenues plummeted.

By Brett Dworski • Oct. 28, 2025

Potbelly promotes COO to president following RaceTrac buyout

Adam Noyes has become president of the sandwich chain while CEO Bob Wright will remain in his post through the end of the year. 

By Aneurin Canham-Clyne • Oct. 24, 2025

Pilot-owned fuel distributor acquires West Coast competitor

The deal includes Down Energy’s six cardlock facilities, fleet card, and delivered fuels and lubricants distribution businesses in Southern California.

By Brett Dworski • Oct. 21, 2025

Dash In to acquire 16 sites in the Carolinas for $143M

The expansion includes locations near Charlotte, Triad and Raleigh, North Carolina, as well as one store in Fort Mill, South Carolina.

By Brett Dworski • Oct. 7, 2025

Anabi Oil to acquire Green Valley Grocery’s 87 c-stores

The parent company of Rebel Convenience Stores doesn’t expect to rebrand the stores, which are known for their made-to-order and grab-and-go program.

By Jessica Loder • Oct. 3, 2025

Casey’s buys 4 c-stores in South Dakota from Maverik

This comes days after Casey’s acquired Maverik’s eight remaining c-stores in Michigan as the Utah retailer continues to sell dozens of Kum & Go locations.

By Brett Dworski • Oct. 2, 2025