ARKO completes WTG Fuels' retail and fueling assets acquisition

These new locations will grow the company’s presence across the Texas and New Mexico markets and expand its fleet fueling operations.

ARKO has completed its previously announced acquisition of WTG Fuels Holdings’ retail and fleet fueling assets. The company will now operate Uncle’s Convenience Stores and GASCARD fleet fueling operations as its 24th acquisition since 2013.

Founded in 1976, WTG operates 24 Uncle’s Convenience Stores across western Texas and 68 GASCARD-branded fleet fueling cardlock sites alongside 43 private cardlock sites. In addition, the purchase also includes three land parcels and nine independent dealer locations.

This acquisition enhances ARKO’s footprint in attractive markets and will bring the fas REWARDS loyalty program and assortment to a broader group of consumers.

“The WTG Acquisition fits squarely in our long-term growth strategy and our commitment to create value for our stockholders. We believe that Uncle’s and GASCARD are well-positioned to benefit from the scale and expertise at the heart of ARKO’s operations, and we welcome them to our Family of Community Brands,” said Arie Kotler, Chairman, President, and CEO of ARKO.

The total purchase price was approximately $140.2 million plus the value of inventory at closing. The company expects that the acquisition adds approximately $14.9 million of adjusted EBITDA on an annualized basis after expected synergies.