USA: GPM Investments acquires 273 convenience stores
GPM Investments is expanding its business in the Southwest with the acquisition of 273 convenience stores from E-Mart Stores Inc.
The E-Mart stores that the company has agreed to sell are located in Texas, Oklahoma, Louisiana and Arkansas.
"We have enjoyed serving our existing customers and are thrilled to begin serving customers in these new states, as well," said GPM President and CEO Arie Kotler. "We look forward to our expansion as we make these locations a new part of the GPM family."
The acquisition is expected to close in the second quarter of 2018.
E-Z Mart is currently the 31st largest chain in the U.S., after the acquisition it will join the sixth biggest player in the country.
