(Laval) Alimentation Couche-Tard has signed an agreement to buy 112 gas stations and convenience stores from MAPCO Express in the United States.
Financial terms of the agreement are not immediately available.
The deal is conditional on a separate transaction that will see MAPCO and its other sites acquired by Majors Management LLC.
The Quebec company says that the sites it buys are mainly in Tennessee and Alabama, but also in Kentucky and Georgia.
Couche-Tard says the locations are operated by the company and most of the real estate is owned by it.
The transaction also includes surplus goods and a logistics fleet.
According to Couche-Tard, the transaction is expected to close in the second half of calendar year 2023.
“We are thrilled to add MAPCO’s high-quality sites to our presence in the southeastern United States,” said Couche-Tard Chief Operating Officer Alex Miller in a statement released Thursday. at the end of the evening.
“As we continue to grow our presence in the region, we look forward to bringing the Circle K experience to these new customers and making their lives a little easier every day.” »
