First Columbia acquires 11 c-stores for $4.8m

First Columbia Gold Corp. has announced the signature of a purchase and sale deal for 11 convenience stores in Alabama worth $4.8 milion, as part of the company's expansion plans.

The acquired convenience stores will be branded “Norfleet Markets” and constitute the first of a number of future new stores for First Columbia, reported Power Engineering.

"With these stores, we are launching the Norfleet Markets brand and plan to solidify the company's position in the C-Store arena. Our goal is to make Norfleet Markets a brand that is instantly recognizable across the United States,” said Pete Iodice, President of Enterprise Partners, a subsidiary of First Columbia.

First Columbia has recently taken a major step towards fuel distribution through the purchase of a fuel terminal in North Carolina. “This fuel terminal, alongside the company's partnership with Singa Energy, allows the company to expand within its business model,” said Jason Castenir, CEO of First Colombia Gold.