USA: Arko’s GPM closes ExpressStop acquisition
The deal includes 60 convenience stores with gas in Michigan and Ohio.
GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp., announced the closing of the acquisition of the ExpressStop chain, including 60 convenience stores with gas in Michigan and Ohio.
This acquisition brings GPM, the 6th largest convenience store chain in the United States, to approximately 3,000 locations of which approximately 1,400 are company-operated and approximately 1,625 are dealer sites to which the company supply fuel.
“As our 19th acquisition since 2013, ExpressStop is the latest example of our continued commitment to aggressive growth through the acquisition of strong regional community brands,” said Arie Kotler, Chairman, President and Chief Executive Officer of ARKO.
Based in Richmond, Vancouver, GPM was founded in 2003 with 169 stores and has grown through acquisitions to operate or supply fuel to approximately 3,000 locations in 33 states and the District of Columbia.
