EZ Energy Acquires 42 Stations

EZ Energy USA Inc., the U.S. entity of Israeli-based EZ Energy Ltd., has signed a contract to acquire 42 gas stations in the U.S. and all related inventory—as well as four lots—for a reported $32.6 million.

When the deal is closed, EZ Energy will own 93 stores that sell approximately 160 million gallons of gas a year. Early in 2007, EZ Energy Ltd. said it was gearing up to acquire a number of gas stations in the U.S., and estimated that its holdings would eventually amount to 106 stores. The company’s strategy has been to locate convenience store and gas station clusters that ensure high yields while introducing financial partners in the deals.

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