NRC Realty & Capital Advisors help 7-Eleven with the sale of 30 c-store properties in upstate and western New York. 7-Eleven Inc. retained NRC Realty & Capital Advisors to coordinate the sale of 30 gas stations and c-stores in upstate and western New York. 7-Eleven acquired these properties as part of its acquisition of Wilson [...]
Freedom Oil celebrates its 10th anniversary by offering a month-long rewards program to its loyal customer base. Freedom Oil, a Warsaw, Ind.-based CITGO Marketer, is celebrating its 10th anniversary by offering loyal customers with its Freedom Rewards Program. Customers can earn cents-off-per-gallon rewards based on store purchases marked at Freedom Express locations through Aug. 31. [...]
“We are thrilled to support our neighborhood PAL chapters to help fuel the future of local youth,” says Joseph Choi, Queens, N.Y., BP gas station owner. BP station owners of New York and New Jersey plan to present a BP Fueling Communities grant donation of $55,500 to four local Police Athletic League (PAL) chapters on [...]
Kroger aims to clean up a Michigan township by adding new business to the area. Kroger is expected to open a new gas station by the end of 2012 on a property it owns in Ypsilanti Township, Mich., according to Ann Arbor digital media company news. The new gas station will measure nearly one acre on a [...]
The Pantry Inc. announced early results of its offer to purchase any and all of its outstanding 7.75% senior subordinated notes due 2014 and solicitation of consents from holders of the notes to effect certain proposed amendments to the indenture governing the notes. As of 5 p.m. EST on Aug. 2, $198,856,000 in aggregate principal [...]
A former U.S. senator joins the Hess board of directors team. Hess Corporation announced the election of former Sen. Sam Nunn to its board of directors. Nunn served as Georgia’s senator for 24 years (1972 to 1996), and was a chairman of the Senate Armed Services Committee, the Permanent Subcommittee on Investigations and served on [...]
CITGO teams with Condon Oil to raise a grand total of $40,286 for the Muscular Dystrophy Association (MDA) in 2012. Condon Oil teamed with CITGO Petroleum Corp. and members of the Ripon, Wis., community to raise more than $30,000 for the Muscular Dystrophy Association (MDA) in 2012. The two companies teamed up for the 13th [...]
Transaction frees funds for aggressive growth strategy. Ryko Solutions Inc., a full-spectrum supplier of car wash equipment, cleaning products and services support in North America has completed a sale leaseback of its 250,000 square foot manufacturing facility in Grimes, Iowa. The move was a both a strategic part of the company’s recapitalization plan and a [...]
Valero reaches a milestone mark as it rolls out PriceAdvantage at its 100th store. Valero Corner Stores has met its first milestone by rolling out PriceAdvantage, a fuel price management program, to the 100th store in less than a month. The Corner Store brand is a network of more than 1,000 Valero company-owned fuel retail [...]
Love’s Travel Stops tests new cardless technology at 100 locations this month. Love’s Travel Stops completed the first successful live customer transaction using RFID cardless fueling technology and Comdata’s financial processing software at its Pauls Valley, Okla., location. More than 100 Love’s locations will have cardless fueling technology available for professional drivers by the end [...]
More consumers are converting to clean diesel vehicles, which means more gas station operators will need to fuel these needs for cleaner fuel options. Clean diesel automobile sales in the U.S. increased by 27.5% during the first six months of 2012 alone, according to new sales information compiled by HybridCars.com and Baum and Associates. The [...]
Company prepares to spin off fuel stations. Valero Energy Corp.’s board of directors has given the official OK for the company to sell or spin off its network of fuel stations, which could be worth as much as $2.8 billion, Businessweek reported. Spinning off the retail business is one of many moves CEO Bill Klesse [...]
“Integrating the Isis SmartTap mobile commerce application will open entirely new payment, loyalty and promotional opportunities for consumers and fuel retailers,” says Paul de la Port, vice president of Wayne, on its partnership with Isis. Gilbarco Veeder-Root and Wayne agreed to provide integrated support for the Isis SmartTap mobile commerce application, which allows customers to [...]
TA adds business and fuel services for professional drivers and motorists in the southern N.M.-area. TravelCenters of America announced the acquisition and rebranding of the former Savoy Travel Center to the Petro Stopping Centers brand. The new travel center is located in Deming, N.M. The opening of this new location raises the number of full-service [...]
Several New York-area convenience stores are delving into the sale of pizza cones. Three gas station chains in the New York metropolitan-area are selling new Cono Italiano Inc. “pizza conos” at their c-stores. Exxon, BP and Gulf Gas Stations are now selling pizza conos and empanadas to consumers. The pizza cono is a drip-free, cone-shaped [...]