ARKO closes acquisition of Transit Energy stores

The transaction includes 135 company-operated convenience stores as well as 190 independent dealers locations throughout the United States.

ARKO Corp. announced the completion of its previously announced acquisition of the assets of Transit Energy Group and its affiliates.

As the company's 23rd acquisition since 2013, this purchase will grow its retail store base into two new states. The acquisition also includes a network of approximately 190 independent dealer locations, expanding ARKO’s wholesale segment to over 1,850 sites.

Including retail and wholesale, it is expected that the acquisition will add approximately 285 million gallons of diesel and gasoline, the majority branded, to the approximately two billion gallons the company currently sells annually.

“We believe we can add value to these stores and well-known regional brands with an enhanced offering as we reset these stores. We welcome TEG’s employees to our Family of Community Brands and look forward to working together to grow the business and provide value for customers,” said Arie Kotler, Chairman, President and Chief Executive Officer of ARKO.

The acquired 135 company-operated convenience stores have decades of continuous operations. Transit Energy also supplies fuel to 190 independent dealers, and operates a transportation business with 58 trucks and 78 tanker trailers that supports the retail and wholesale business, all in the Southeastern United States.