Circle K’s parent company is fiercely in M&A mode, letting go of 35 stores so it will be allowed to add 270 more in one merger as its push to combine forces with 7-Eleven inches toward completion.
Alimentation Couche-Tard is offloading 35 of its stores across Ohio, Indiana and Pennsylvania to MAPCO for an undisclosed amount. The deal fulfills a requirement for Couche-Tard so it can move forward with a larger acquisition.
ACT is in the process of acquiring all 270 Giant Eagle-owned GetGo convenience stores for $1.6B, a deal that was first agreed upon last August.
Before the deal could be completed, the…