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US: GPM Investments acquires 92 Roadrunner stores

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Posted / Last update: 14-02-2017 | Author: PetrolPlaza Correspondent Daniel Infante Tuaño

Richmond,Virginia-based GPM Investments continues to expand its convenience business this time in the Southeast with the acquisition of Mountain Empire Oil Company, which operates as Roadrunner Markets.

The acquisition deal, expected to finalize in the second quarter of 2017, includes 92 Roadrunner Markets convenience stores with fuel sales and 7 quick-service restaurants located in North Carolina, South Carolina, Tennessee, and Virginia.

The acquired stores will further develop GPM's footprint in the area, according to a company release.

“We have enjoyed serving our loyal customers in the Southeast, and look forward to integrating these locations into the GPM family,” said GPM President and CEO, Arie Kotler.

Roadrunner’s company mission is “to delight the customer in a way that makes them come back tomorrow.”

“Our decision to work with GPM is consistent with the principles that have guided my father and serves as the foundation of his legacy, those that prioritize Mountain Empire’s customers and employees above all else. I am confident that both will be in good hands under GPM’s ownership,” said Roadrunner President and CEO, Ryan Broyles.

 

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