M&A
-
Column
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 -
Retrieved from Yesway.
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 -
Column
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 -
Retrieved from Fast Stop.
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 -
Retrieved from B&B Petroleum.
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 -
Retrieved from Sunoco.
Column3 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 -
Retrieved from Speedway.
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 -
Retrieved from SC Fuels.
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 -
Retrieved from Wills Group.
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 -
Retrieved from Google.
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 -
Retrieved from Fast Stop.
Fast Stop CEO acquires 9 locations for new QSR concept
The restaurants will feature the c-store chain’s Cajun-inspired fast food menu, which includes fried chicken, seafood, po boys and southern sides.
By Brett Dworski • Sept. 17, 2025 -
Retrieved from PS Food Mart.
S&G acquires 8 PS Food Mart c-stores
All eight c-stores are in the Toledo, Ohio, area — S&G’s home base and largest market — and will be rebranded to the company’s banner.
By Brett Dworski • Sept. 17, 2025 -
Column
3 Big Numbers: What is RaceTrac getting with Potbelly?
The Georgia-based retailer’s acquisition is an unusual move, but one that could pay off handsomely. Here are a few key facts about the sandwich chain.
By Jessica Loder • Sept. 12, 2025 -
RaceTrac to buy Potbelly for $566M
The deal for the sandwich shop, which has more than 445 locations across the U.S., is expected to close in the fourth quarter.
By Jessica Loder • Sept. 10, 2025 -
Retrieved from MAPCO.
6 major c-store players entering new states
Whether through buying stores or building their own, companies like Wawa, Alimentation Couche-Tard and QuikTrip are testing new markets this year.
By Jessica Loder • Aug. 27, 2025 -
Keurig Dr Pepper to buy JDE Peet’s for $18B to boost struggling coffee business
Once the deal closes, the company plans to separate its coffee and beverage units into two independent, publicly listed operations.
By Christopher Doering • Aug. 25, 2025 -
Retrieved from Sarpy County, Nebraska, citizen access portal.
Column3 Big Numbers: A big week for c-store M&A
After a relatively slow start to the year, the convenience retail industry saw four deals come to light in quick succession.
By Jessica Loder • Aug. 22, 2025