M&A Deal Summary

Majors Management Acquires MAPCO Express

On April 27, 2023, Majors Management acquired retailer MAPCO Express from Compañía de Petróleos de Chile Copec S. A.

Acquisition Highlights
  • This is Majors Management’s 3rd transaction in the Retail sector.
  • This is Majors Management’s 8th transaction in the United States.
  • This is Majors Management’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2023-04-27
Target MAPCO Express
Sector Retail
Buyer(s) Majors Management
Sellers(s) Compañía de Petróleos de Chile Copec S. A.
Deal Type Divestiture

Target

MAPCO Express

Brentwood, Tennessee, United States
website
MAPCO Express is a major convenience store chain with 348 corporate stores operating primarily in Tennessee, Alabama and Georgia, with an additional presence in Arkansas, Virginia, Kentucky and Mississippi. MAPCO operates company stores under the banners MAPCO Express, MAPCO Mart, East Coast, Fast Food and Fuel, Favorite Markets, Delta Express and Discount Food Mart. MAPCO Express is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

Majors Management

Lawrenceville, Georgia, United States

website


Category Company
Sector Distribution
DESCRIPTION

Majors Management LLC is a multi-brand fuel distributor and owner of convenience stores operating in 11 states throughout the Southeast, Midwest, and Texas. Majors Management is based in Lawrenceville, Georgia.


DEAL STATS #
Overall 8 of 8
Sector (Retail) 3 of 3
Type (Divestiture) 3 of 3
State (Tennessee) 1 of 1
Country (United States) 8 of 8
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-28 Davis Oil

Battle Creek, Michigan, United States

Davis Oil is focused on supplying fuels to 11 commission marketers with 21 convenience store locations across West Michigan. Davis Oil was formed in 1966 and is based in Battle Creek, Michigan.

Buy -

Seller(S) 1

SELLER

Compañía de Petróleos de Chile Copec S. A.

Santiago, Chile

website


Category Company
Founded 2003
Sector Retail
DESCRIPTION

COPEC is one of the largest companies in Chile, operating in fuel and lubricants distribution and convenience stores. COPEC has an existing presence in the convenience stores with the largest convenience store network in Chile and approximately 53% of Chilean gasoline market share with 626 company and dealer operated service stations, 82 Pronto-branded convenience stores and 220 Punto-branded convenience stores, an industry innovator with Pagoclick (mobile pay), Zervo (self-serve fueling dispenser) and leading convenience store developer with multiple formats for urban, suburban and highway locations.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 MAPCO Express

Brentwood, Tennessee, United States

MAPCO Express is a major convenience store chain with 348 corporate stores operating primarily in Tennessee, Alabama and Georgia, with an additional presence in Arkansas, Virginia, Kentucky and Mississippi. MAPCO operates company stores under the banners MAPCO Express, MAPCO Mart, East Coast, Fast Food and Fuel, Favorite Markets, Delta Express and Discount Food Mart. MAPCO Express is based in Brentwood, Tennessee.

Buy $535M