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BP, ArcLight acquire Thorntons c-store chain

Convenience store chain Thorntons Inc. has been acquired by a joint venture formed by ArcLight Capital Partners and BP.

Last update:

The joint venture will continue to operate all existing stores under the Thorntons name and will retain Thorntons team members working out of the Store Support Center in Louisville.

Based in Louisville, Kentucky, Thorntons currently operates 191 stores that provide fresh foods, beverages and fuel in six states.

“My family and the Thorntons team are incredibly proud of the company we have built over the last 47 years. While we are proud of where we are today, our vision extends well beyond 191 stores in 6 states and we know this new joint venture will help us to accelerate store growth and serve even more guests every day,” said Matt Thornton, Chairman and CEO of Thorntons.

The transaction is expected to close following the required government review and regulatory approval. Terms of the private transaction will not be released.

The chain operates in Florida, Illinois, Indiana, Kentucky, Ohio, and Tennessee.

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