Convenience Store News

NOV 2014

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18 Convenience Store News | NOVEMBER 2014 | WWW.CSNEWS.COM eye on growth INDUSTRYROUNDUP n CST Brands Inc. completed its acquisition of the membership interests of Lehigh Gas GP LLC, the general partner of Lehigh Gas Partners LP, for approximately $85 million. Lehigh Gas Partners LP also changed its name to CrossAmerica Partners LP, effec- tive Oct. 1. n The Kroger Co. opened its 2,000th fuel center location in September. New locations in Virginia, Georgia and Kentucky brought the retailer to this mile- stone. Kroger now operates 1,275 supermarket fuel centers and 725 convenience stores with fuel. n Global Partners LP's Global Montello Group Corp. subsidiary entered into a definitive agreement to acquire 100 percent of the equi- ty interest in Warren Equities Inc. for approximately $383 million. n Alimentation Couche-Tard Inc. rebranded 55 Super Pantry stores as Circle K locations. Couche-Tard acquired the locations from Tri Star Marketing in July. The stores will now operate as part of Couche- Tard's Midwest Division. n Canada's Parkland Fuel Corp. is buying the assets of Pioneer Energy for $378 million. With the deal, Parkland added 319 gas sta- tions in Ontario and 74 gas stations in Manitoba. n Enmark Stations Inc. is build- ing up its presence in South Carolina with five new stores. The Savannah, Ga.-based retailer is opening one new location in Hilton Head Island, Leesville and Wagener, and two new loca- tions in Aiken. n Gulf Oil LP brought the Gulf brand back to Alabama through a deal with Bumpers Oil Co. LLC, which converted two gas stations in Jackson and one in Grove Hill to the brand. Plans are in place to raise the Gulf flag at as many as six additional sites in Alabama in the months ahead. n SavOn Convenience Stores opened its first new store in 10 years in September. The 2,000-square-foot store is in Chittenango, N.Y. SavOn Convenience Stores is an enterprise of the Oneida Indian Nation. n MFA Oil Co. purchased Home Service Oil Co., Home Service Propane Gas LLC and All Propane. These acquisitions will add to MFA's refined fuel and propane offerings. Terms of the transactions were not disclosed. n Buchanan Energy LLC closed on a five-year credit facility from Citizens Commercial Banking's Convenience and Retail Fuel Finance Group. It includes a development line of credit that will be used to finance the development and/or acquisition of new locations. ® FOURDRAW ® TECHNOLOGY NOW AVAILABLE NATIONWIDE F1100 | ©2014 Nu Mark LLC. For Trade purposes . MarkTen, FourDraw and related design marks are trademarks of Nu Mark LLC. This exclusive design is now AGDC Representative about MarkTen ® .

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