“This agreement truly represents a win-win for all parties involved,” says Fikes Wholesale CEO. Fikes Wholesale Inc., parent company of the 194 location CEFCO Convenience Stores Chain based in Temple, Texas, has successfully acquired the retail interests of 63 Taylor Food Mart Stores from Taylor Petroleum Co. based in Amarillo, Texas. The Taylor Food Marts…
Details Emerge On Getty Petroleum Marketing Bankruptcy
“We welcome the fact that the process will now have structure and the supervision of the Bankruptcy Court to protect the value of our estate,” says Getty Realty Corp. CEO. Getty Realty Corp. has announced that Getty Petroleum Marketing Inc. (GPM), the company’s largest tenant, has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court,…
7-Eleven to Acquire 28 PC&F Locations
“Year to date, 7-Eleven has added more than 400 new locations, and 2011 promises to be 7-Eleven’s biggest year for store growth since 1986,” says 7-Eleven VP of mergers and acquisitions. 7-Eleven Inc. has agreed to acquire the retail interests of 28 locations from Pacific Convenience & Fuels LLC (PC&F). Located in the western half…