From CSP Daily News
SCOTTSDALE, Ariz. -- Last year was truly a banner year for merger and acquisition activity in the convenience store industry. We witnessed the culmination of major oil company retail asset divestitures, as well as a very aggressive acquisition program by 7-Eleven Inc.
read moreFrom CSP Daily News
CHICAGO -- With the majority of major-oil retail selloffs generally complete, real-estate and financial advisors in the convenience store industry see a new phase of merger and acquisition activity nearing.
"The next phase for the industry is going to be further consolidation within the jobber network," John Sartory, managing director and principal of Petroleum Capital & Real Estate LLC, West Friendship, Md., told CSP Daily News recently. "If you're a small to midsized jobber or somebody that is looking to exit from the industry and you're waiting for the right time, now would be the time to do it."
read moreNRC Realty & Capital Advisors, LLC ("NRC") announced today that S&S Fuels, LLC ("S&S") of Littleton, Colorado, has acquired all of the assets of City Stop Inc. and its affiliates ("City Stop") in the metropolitan Las Vegas, Nevada market. NRC served as the exclusive financial advisor to City Stop during the private placement sale.
City Stop offers a "one-stop-shopping" concept, providing customers with multiple services such as gasoline, car washes, groceries, gaming and US Postal Service units.
read moreFrom the Restaurant Finance Monitor
Starbucks decided it had too many stores in La Mirada, California and last year shut one there that was located at the end of a small strip mall. Like many of the locations the coffee chain vacated, this one didn't stay empty for long. But the ultimate occupant came as something of a surprise: Burger King.
read moreFrom the CSP Daily News
“If oil companies are dead set to divest now, they may need to take a lower price or get creative on financing.” Dennis Ruben, managing director of Chicago-based NRC Realty Advisors LLC, told CSP Daily News.
read moreAs participants and sponsors various industry-related conferences, NRC is current on the latest industry developments. Constant access to information is particularly valuable to clients seeking to acquire other companies or assets, or those desiring to sell their companies. NRC has extensive experience in representing clients interested in purchasing or selling companies.