M&A Deal Summary

Compañía de Petróleos de Chile Copec S. A. Acquires MAPCO Express

On August 29, 2016, Compañía de Petróleos de Chile Copec S. A. acquired retailer MAPCO Express from Delek US for 535M USD

Acquisition Highlights
  • This is Compañía de Petróleos de Chile Copec S. A.’s 1st transaction in the Retail sector.
  • This is Compañía de Petróleos de Chile Copec S. A.’s largest (disclosed) transaction.
  • This is Compañía de Petróleos de Chile Copec S. A.’s 1st transaction in the United States.
  • This is Compañía de Petróleos de Chile Copec S. A.’s 1st transaction in Tennessee.
Investment Fate
  • MAPCO Express was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary

Date 2016-08-29
Target MAPCO Express
Sector Retail
Buyer(s) Compañía de Petróleos de Chile Copec S. A.
Sellers(s) Delek US
Deal Type Divestiture
Deal Value 535M USD

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

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 (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-27 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.

Sell -

Seller(S) 1

SELLER

Delek US

Brentwood, Tennessee, United States

website


Category Company
Founded 2001
Sector Energy Services and Equipment
Employees3,746
Revenue 20.2B USD (2022)
DESCRIPTION

Delek US is a diversified downstream energy company with assets in petroleum refining, logistics and convenience store retailing. The refining segment consists of refineries operated in Tyler, Texas and El Dorado, Arkansas with a combined nameplate production capacity of 155,000 barrels per day. Delek US was incorporated in 2001 and is based in Brentwood, Tennessee.


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 (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-16 Lion Oil

El Dorado, Arkansas, United States

Lion Oil Co. is a privately held company, owns and operates a 75,000 barrel per day, high conversion crude oil refinery in El Dorado, AR, three crude oil pipelines and two refined petroleum products terminals in Memphis and Nashville, TN. The two terminals supply products to some of Delek's 188 convenience stores in the Memphis and Nashville, TN markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Alon USA Energy

Dallas,, Texas, United States

USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the western and south-central regions of the United States.

Buy $464M