Rmarts sells eight Chicagoland convenience stores
Family-owned retailer divests part of its portfolio while retaining legacy locations central to its long-term strategy.
Rmarts has sold eight company-operated convenience stores in the greater Chicago area to an undisclosed regional convenience store operator, marking a strategic restructuring of its retail portfolio.
Founded in 1951, the family-owned company operates Shell and 76-branded fuel and convenience stores across the Chicagoland market. The transaction allows Rmarts to realize value from a portion of its network while continuing to operate locations that remain key to its long-term business plans.
According to the company, the sale is intended to support the next phase of its evolution while preserving ownership of its core legacy stores. The divested sites were part of a portfolio built over decades in one of the largest fuel and convenience retail markets in the United States.
Commenting on the transaction, Ryan Razowsky, President of Rmarts, said: “Selling these stores was not a decision we made lightly.” He added that the process enabled the company to achieve a positive outcome while retaining “the legacy stores that remain at the heart of our family’s future.”
The transaction was advised by Downstream Energy Group (DEG), which managed the sales process, valuation and negotiations. DEG noted that the stores attracted significant buyer interest due to their operating performance and locations.
Rmarts will continue serving customers through its remaining locations, maintaining a presence in the Chicagoland market where the company has operated for more than seven decades.
