Convenience Store News

MAR 2017

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eye on growth n Marathon Petroleum Corp. earmarked $380 million for Speedway LLC in its 2017 capital investment plan. The invest- ment will be used primarily to build new stores, and remodel and rebuild existing locations in its core markets. n GPM Investments LLC is buying 92 Roadrunner Market locations from Mountain Empire Oil Co. Inc. The assets, which include seven quick-service restaurants, are in North Carolina, South Carolina, Tennessee and Virginia. n Stinker Stores Inc. closed its acquisition of Bradley Petroleum Inc. and Sav-O- Mat Inc. The transaction included 40 convenience stores in Colorado and one in Wyoming. n Casey's General Stores Inc. had 84 sites near Dayton, Ohio, under contract for its purchase as of December. In addi- tion to building new stores in Tipp City and Jackson Center, Ohio, it plans to buy existing stores. n Gate Petroleum Co. is pre- paring for the launch of its Gate Express Carwash ven- ture this spring. The compa- ny has acquired six sites for the initial push into the standalone car wash market. Another 11 sites are in various stages of review. n Cato Inc. and its affiliates bought four high-volume retail sites from J. William Gordy Fuel Co. The stores are Exxon- branded and feature beer caves and Subway or Hardee's quick-service restaurants. n The Cigarette Store Corp., which does business as Smoker Friendly, is adding to its tobacco store portfo- lio by acquiring Cigars on 6th in Denver. The premium tobacconist and cigar store will continue to operate as Cigars on 6th; however, Smoker Friendly will introduce its brand family of cigars into the store. INDUSTRY ROUNDUP The Best Record for the Fuels of Today and Tomorrow! doubletrac.net 30 Year Warranty! 971A LISTED M E M B E R ™ Omega Flex, Inc. 451 Creamery Way Exton, PA 19341-2509 Tel: 1-610-524-7272 Fax: 1-610-524-6484 Toll Free: 1-800-355-1039 DBT-197 / REV 06/16 © Copyright Omegaflex, Inc 2016 • 316L stainless steel primary pipe; traceable underground • Compatible with current fuels or ANY potential future additives • Only fuel pipe to pass 2 hour fire test for UST or AST applications • Double wall pipe and fittings for continuous monitoring • Easy to install: no gluing, no welding = No Weather Delays • DoubleTrac warranty is not affected by contaminated surroundings • No polyethylene = no expansion or contraction issues ASK ABOUT OUR NEW 100% STAINLESS STEEL FLEX CONNECTORS

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