Majors acquires 69 Circle K stores across the USA
Half of the sites included in the transaction and distributed throughout six states will be rebranded as Kangaroo Express locations.
Majors Management has announced the acquisition of sixty-nine convenience store locations from Circle K Stores, Inc. Thanks to this expansion Majors has entered the state of Virginia while extending its footprint across other regions such as Louisiana, Alabama, Florida, South Carolina and North Carolina.
"We are pleased to have collaborated with the teams at NRC Realty & Capital Advisors, LLC ("NRC") and Circle K to close this acquisition quickly, efficiently, and without disruption to the stores. NRC did a first-class job conducting the sale of these assets, and the team at Circle K were professionals in all respects," said Ben Smith, President of Majors.
The stores were acquired by the company in the fourth quarter of 2021 and the transaction has now been officialized. Thirty-four of the sites will convert to franchised Kangaroo Express locations as previously announced by Circle K.
“I am incredibly proud of the effort everyone at Majors showed in completing this transaction in record time overcoming the challenges associated with taking over sites spread across six states. We thank all the people that contributed to the smooth transition. We are excited to expand our franchise relationship with Circle K, grow the Kangaroo Express brand, and grow Majors' footprint in new markets," added Smith.
