Wise, Va.-based Double Kwik markets has entered into plans to sell its 57 store locations to Mechanicsville, Va.-based GPM Investments. GPM plans to convert the entire Double Kwik chain to its Fas Mart brand across
Southwest Virginia and Tennessee, according to The Bristol Herald Courier.
“This is a natural extension of where we’re at now,” said David McComas, chief executive officer of GPM. “This is a natural growth for us, in this particular market at this particular time.”
GPM Investments operates about 150 Fas Mart and Shore Stop locations in Virginia, Maryland and Delaware. The firm hopes to complete the purchase by year’s end.
“I’ve known the folks at Double Kwik for a long time,” said McComas. “We’re hiring all of the Double Kwik folks. That’s a really well-run company, and we’re hiring their entire management team.”