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Cumberland Farms Sells 20 Sites

Locations are available in eight northeastern states.   Cumberland Farms Inc., which operates 589 convenience store locations, is divesting 18 operating and closed convenience stores, plus two retail development sites throughout the Northeast. The 20 properties are located in a variety of urban and suburban markets in eight Northeastern states—six properties each in Massachusetts and

acquisition

Breaking News: Carroll Independent Fuel Co. Acquires High’s of Baltimore

“The acquisition by Carroll will ensure the continuance of a well-recognized brand and the accelerated growth of the High’s name within our market area,” says High’s spokesperson.   High’s of Baltimore Inc. has divested its High’s Dairy Stores to The Carroll Independent Fuel Co. Hanover, Md.-based High’s directly operates 46 retail convenience stores and gas

tesorologo

Tesoro Acquires 290 Locations

As Supervalu divests stores, Tesoro plans to buy 51 Albertson’s Fuel Express stations, in addition to leasing 241 sites from Thrifty Oil Co. Tesoro Corp. is set to grow its fleet of retail stores by 25% with the acquisition of about 290 locations from Supervalu Inc. and Thrifty Oil Co. “The combined purchase and lease

BP To Divest 114 Stations

BP PLC is selling 114 gas stations and convenience-store properties in 22 states, the Wall Street Journal reported. Most of the locations are being marketed as redevelopment sites, while some are being offered as part of potential franchise deals, according to the Web site of BP’s broker, Jones Lang LaSalle. BP had decided to sell

The Pantry Divests 80 Locations

The Pantry Inc., based in Cary, N.C., is selling 80 locations throughout the Southeast. The properties for sale include a mix of convenience stores with gas, stand-alone convenience stores, closed sites and prime real estate. Most of the stations are currently branded Kangaroo, Shell, Chevron, Citgo, Mobil, BP and Texaco. Stores are located in a

Why Every Convenience Store Owner Needs An Exit Plan

By Ted Thomas, Sun Exit Advisors Most convenience store owners are too busy to think about their exit plan. There comes a time, however, when business owners want to successfully leave their business. Unfortunately, when it comes time for transition, most don’t know how to accomplish that goal. A common mistake is to rush to

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