USA: GPM enters Florida with latest acquisition
GPM, the sixth largest convenience store chain in the country, now operates and supplies approximately 1,400 sites in 22 states.
A subsidiary of GPM Investments, LLC has taken ownership of 18 convenience stores with fuel sales in Florida from Town Star Holdings, LLC.
Many of these stores have a strong food service presence including ten in-store Subway restaurants. This store acquisition marks GPM’s entry into the Florida market, a path upon which GPM plans to continue to expand as part of its growth strategy in the Southeast part of the country.
“We are very excited about the Town Star Stores. We have plans to launch our proprietary fas REWARDS loyalty program as soon as possible to offer our new customers great savings and value when they visit us,” said Arie Kotler, CEO.
With the addition of these Town Star stores, GPM has widened its reach to approximately 1,400 stores.
