Business
ARKO Corp., the 6th Largest Convenience Store Operator, Announces Close of ExpressStop Acquisition
RICHMOND, Va., May 19, 2021 (GLOBE NEWSWIRE) -- GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO), today announced the closing of
About this update from Arko Corp.
[{"type":"text","content":"RICHMOND, Va., May 19, 2021 (GLOBE NEWSWIRE) -- GPM Investments, LLC, a wholly owned subsidiary of ARKO Corp. (Nasdaq: ARKO), today announced the closing of the acquisition of the ExpressStop chain, including 60 convenience stores with gas in Michigan and Ohio. This acquisition complements GPM’s consolidation strategy and adds to its already existing stores in Michigan and Ohio. “We are excited to complete this transaction and welcome ExpressStop to the GPM family of community brands,” said Arie Kotler, Chairman, President and Chief Executive Officer of ARKO. “As our 19th acquisition since 2013, ExpressStop is the latest example of our continued commitment to aggressive growth through the acquisition of strong regional community brands. We look forward to providing ExpressStop customers with the same great products and service they have come to expect with additional value through our fas REWARDS loyalty program and promotional activities throughout the year.” This acquisition brings GPM to approximately 3,000 locations of which approximately 1,400 are company-operated and approximately 1,625 are dealer sites to which we supply fuel. To learn more about GPM stores, visit: www.gpminvestments.com. To learn more about ARKO, visit: www.arkocorp.com. About ARKO Corp. ARKO Corp. (Nasdaq: ARKO) owns 100% of GPM Investments, LLC (“GPM”). Based in Richmond, VA, GPM was founded in 2003 with 169 stores and has grown through acquisitions to become the 6th largest convenience store chain in the United States, operating or supplying fuel to approximately 3,000 locations in 33 states and the District of Columbia, comprised of approximately 1,400 company-operated stores and approximately 1,625 dealer sites to which we supply fuel. We operate in three reportable segments: retail, which consists of fuel and merchandise sales to retail consumers; wholesale, which supplies fuel to third-party dealers and consignment agents; and GPM Petroleum, which supplies fuel to our sites (both in the retail and wholesale segments). Our stores offer fas REWARDS® high value loyalty program, a large selection of beverages, coffee, fountain drinks, candy, salty snacks, and many other products to meet the needs of the everyday customer. Forward-Looking Statements This document includes certain “forward-looking statements” within the meaning of the Private Securities...