SUNOCO

Sunoco Expands Into Alabama

“Our recent success in winning over new distributors has helped Sunoco enter new markets such as Alabama and expand our presence along the I-95 corridor, and in the Midwest and other Southeastern states,” says Sunoco spokesperson. Sunoco Inc. has added 13 new Sunoco-branded sites to its growing network of more than 4,900 retail locations selling

Getty

Getty Realty Corp. Acquires 66 Shell Branded Properties

“We expect the acquisition to be immediately accretive to annual earnings and the acquisition is consistent with our strategy to grow and diversify our tenant base,” says Getty Realty CEO. Getty Realty Corp. has acquired 66 Shell-branded gasoline station and convenience store properties located in and around the Greater Boston and southern New Hampshire area

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Couche-Tard’s Q3 Report: Profits Up

“Despite the absence of recent major acquisitions, quarter after quarter, we continue to create value for our shareholders by improving our sales and margins and through initiatives that allow us to increase our efficiency,” says vice president. Alimentation Couche-Tard Inc. announced net earnings of $71.0 million for its third quarter, up $16.2 million or 29.6%

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Casey’s Reports Q3 Results

Q3 earnings were impacted by compressed margins due to a competitive cigarette environment, rising commodity costs and increased operating expenses related to store openings. Casey’s General Stores Inc. has reported $0.34 in basic earnings per share for the third quarter of fiscal 2011 ended Jan. 31, 2011, compared to $0.34 for the same quarter a

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Casey’s to Acquire Five QuikTrip Stores

Casey’s General Stores Inc. has signed a definitive purchase agreement to acquire five convenience stores from QuikTrip Corp. The five stores are located in the Springfield, Mo., metropolitan area operating under the QuikTrip banner. The stores are expected to immediately rebranded to Casey’s once the transaction is completed. “Springfield has been a great market for

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Chevron Acquires Atlas Energy

“We look forward to welcoming the highly-talented employees from Atlas Energy into the Chevron family,” says Chevron Vice Chairman. Atlas Energy Inc.’s shareholders have approved the pending merger between Atlas Energy and Chevron Corp. Atlas noted the proposal to approve the merger was supported at a special meeting of shareholders by approximately 99.7% of the

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7-Eleven Acquires Illinois Tollway Oases Sites

“This acquisition gives our brand great visibility in Chicagoland,” says 7-Eleven spokesperson. 7-Eleven is taking over the remaining 17 years of a lease agreement for  ExxonMobil outlets located on seven Oases sites along the Illinois Tollway. The new agreement with 7-Eleven Inc. of Dallas includes maintenance and operations responsibilities for Mobil fuel stations at the

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Improving Business-For-Sale Conditions

The nation’s business brokers closed more business-for-sale transactions in 2010 than in 2009, according to BizBuySell.com The number of closed business-for-sale transactions in the U.S., as reported by business brokers, grew 3% in 2010, according to the recent BizBuySell.com Insight Report. “Spurred on by a strong showing in the fourth quarter, the business-for-sale market showed

scottpetroleum

Scott Petroleum Acquires Bostick Brothers Co.

Scott Petroleum has acquired Bostick Brothers, effective on Jan. 1, Stamfordadvocate.com reported. Both are Mississippi companies founded between the 1920’s and 1930’s. “Bostick Brothers was in business for 81 years,” Xan Robertson, grandson of founder Xan Bostick, was quoted as saying. “It was just a good time to sell.” While details of the transaction were not released, the

Casey’s To Acquire 52 Stores

Casey’s General Stores Inc. has released its first quarter of fiscal 2011 results ended July 31, 2010, and with it an announcement that it has signed commitments to acquire an additional 52 locations, which it anticipates purchasing by the end of the calendar year. Casey’s reported basic earnings per share of $0.73 and approximately $6.2

Finding Financing in a Tight Market

Money is tight, but some convenience store operators are finding the means to finance remodels or even acquisitions. Generally speaking, the availability of money depends on the size of the operator, according to Mark Radosevich, president of PetroProperties & Finance LLC in Miami. “The guys who are moderate size to large generally have relationships with

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