M&A


  • Kum & Go
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    Brett Dworski/C-Store Dive
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    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 Nov. 7, 2025
  • A photo of a convenience store and gas station. The fuel canopy reads "Sunoco" while a sign on the store says "A Plus."
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    Retrieved from https://www.schmitzservices.com/

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    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 Nov. 6, 2025
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    Retrieved from Fast Stop.
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    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 Nov. 5, 2025
  • Parkland
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    Permission granted by Parkland
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    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 Nov. 3, 2025
  • Exterior of Circle K convenience store
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    Courtesy of Standard Cognition
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    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 Nov. 3, 2025
  • Kent Kwik
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    Retrieved from B&B Petroleum.
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    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 Nov. 3, 2025
  • Sunoco
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    Retrieved from Sunoco.
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    Column

    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 Oct. 31, 2025
  • Speedway
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    Retrieved from Speedway.
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    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 Oct. 30, 2025
  • Maverik, Kum & Go
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    Brett Dworski/C-Store Dive
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    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 Oct. 29, 2025
  • Parkland
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    Permission granted by Parkland
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    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 Oct. 28, 2025
  • A photograph of a Potbelly sandwich shop sign.
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    Andrew Burton via Getty Images
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    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
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    Retrieved from SC Fuels.
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    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 Oct. 21, 2025
  • Dash In, Wills Group
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    Retrieved from Wills Group.
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    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 Oct. 7, 2025
  • A photo of the interior of a convenience store. A sign on the wall says Green Valley Grocery
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    Permission granted by Anabi Oil
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    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 Oct. 3, 2025
  • Maverik
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    Retrieved from Google.
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    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 Oct. 2, 2025
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    Retrieved from Fast Stop.
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    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 Sept. 17, 2025
  • S&G
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    Retrieved from PS Food Mart.
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    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 Sept. 17, 2025
  • A photograph of a Potbelly sandwich shop sign.
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    Andrew Burton via Getty Images
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    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 Sept. 12, 2025
  • racetrac
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    Permission granted by RaceTrac
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    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 Sept. 10, 2025
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    Retrieved from MAPCO.
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    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 Aug. 27, 2025
  • Cans of Dr Pepper
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    Justin Sullivan via Getty Images
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    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
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    3 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 Aug. 22, 2025
  • Kum & Go
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    Brett Dworski/C-Store Dive
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    Mega Saver acquiring 23 Kum & Go stores in 2 states

    The Nebraska retailer, which bought three sites in June, is now purchasing locations in South Dakota and Iowa.

    By Aug. 21, 2025
  • A photo of the exterior of a gas station and convenience store. A sign out front and on the fuel canopy says Citgo while a sign on the store says Sliders Food Mart.
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    Retrieved from slidersfoodmart.com.

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    Stewart’s plans another acquisition

    While the agreement has not been finalized, the New York-based retailer is under contract to buy multiple locations from local chain Sliders Food Mart.

    By Aug. 20, 2025
  • Jacksons Food Stores
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    Permission granted by Jacksons Food Stores
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    Jacksons acquires 24-store chain in Northern California

    The Idaho retailer’s purchase of Redwood Oil Company nearly doubles its footprint in California and marks its first foray into made-to-order foodservice.

    By Aug. 20, 2025