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Friday, December 19, 2014

Empire Acquires Baker's Dozen From CST

Source: Convenience Store News

DALLAS — Empire keeps striking while the acquisition iron is hot.

Empire Petroleum Partners LLC acquired 13 former Corner Store convenience stores from CST Brands Inc. All stores are in Colorado.

This brings the number of CST locations Empire has acquired in the fourth quarter to 41. The previous 28 do business in Texas.

“Empire is excited to begin doing business in the great state of Colorado,” said Michael O’Brien, Empire’s vice president of mergers and acquisitions. “Colorado presents an opportunity for Empire to expand its footprint further into the Western United States. The acquisition further solidifies our relationship with Valero; a relationship we hope to continue to build in the Rocky Mountain region and elsewhere.”

As with the former CST Texas locations recently acquired, Empire intends to hire as many of the former CST employees as possible to remain at the stores.

The 41 CST locations in Colorado and Texas acquired by Empire are part of a larger sale conducted by NRC Realty & Capital Advisors LLC that consisted of operating and former CST convenience stores with gas located throughout Arkansas, Arizona, California, Colorado, Louisiana, New Mexico, Texas, Utah and Wyoming.

Dallas-based Empire Petroleum is a motor fuels distributor of top brands including Shell, Chevron, Valero, Sunoco, BP, Exxon, Citgo, Mobil, Marathon, Texaco, Gulf and ConocoPhillips. Empire currently distributes motor fuel products to gas stations in 29 states to more than 1,200 customers.

To see a list of convenience stores for sale and gas stations for sale, click here.