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VPS Convenience Store Group Plans Aggressive Expansion

Sun Capital’s c-store division is bulking up its foodservice operations and rolling out new tobacco stores across the Southeast. By Erin Rigik, Associate Editor. With two acquisitions under its belt already this year, VPS Convenience Store Group, an affiliate of Sun Capital Partners Inc., is poised for additional growth, with its eyes focused on opportunities

AppcoStore

VPS Acquires 22 Appco Stores

Wilmington, N.C.-based VPS Convenience Store Group, has acquired 22 Appco locations in Bristols, Johnson City and Kingsport, TriCities.com reported. The stores have been closed for the past six months, due to bankruptcy of the former owners, but will re-open under the Scotchman brand in the next few weeks. “We are very excited to bring the

APPCO’s Ex-Owner Wins Court Battle

APPCO’s former owner won the right to keep the 12 convenience store buildings he repossessed early this month, according to a ruling by Federal Bankruptcy Judge Marcia Parsons, the Johnson City Press reported. After the decision, a representative for Jim MacLean said MacLean’s property companies plans to gain possession of the other 16 stores he

Bankrupt Sunshine Wants Stores Back

Bankrupt Sunshine Energy, owner of APPCO, is fighting in the courts to regain its 12 closed convenience stores, which were repossessed by Management Properties Inc., the Johnson City Press reported. Meanwhile, Management Properties Inc. (MPI)  wants Sunshine’s recently filed bankruptcy thrown out of court, so it can repossess another 16 stores. According to Sunshine Energy,

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