CrossAmerica - M&A Summary and Business Overview

Energy Services And EquipmentCompany

CrossAmerica M&A Summary

CrossAmerica has acquired 13 companies, including 1 in the last 5 years. It has also divested 1 asset.

CrossAmerica’s largest acquisition to date was in 2021, when it acquired 7-Eleven - 106 Speedway & Sites for $263M. It’s largest disclosed sale occurred in 2014, when it sold Lehigh Gas GP to CST Brands for $85M. CrossAmerica has acquired in 9 different US states. The Company’s most targeted sectors include retail (93%) and energy services and equipment (8%).

CrossAmerica Business Overview

Where is CrossAmerica headquartered?

CrossAmerica is headquartered in Allentown, Pennsylvania.

What is CrossAmerica’s revenue?

CrossAmerica disclosed revenue of 4,386M USD for 2023 and 4,967M USD for 2022.

How many employees does CrossAmerica have?

CrossAmerica has 548 employees.

What sector is CrossAmerica in?

CrossAmerica is an energy services and equipment company.

When was CrossAmerica founded?

CrossAmerica was founded in 1992.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity13
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8
  • M&A Advisors 2

CrossAmerica

CrossAmerica Partners LP

645 Hamilton Street, Suite 500,
Allentown, Pennsylvania 18101
United States,
(610) 625-8000
www.crossamericapartners.com

CrossAmerica is a provider of motor fuels, consisting of gasoline and diesel fuel. CrossAmerica was incorporated in 1992 and is headquartered in Allentown, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 12 - 1 - - - 13
vol $412M $263M $675M
Sell (0.0/yr) # 1 - - - - - 1
vol $85M $85M
  14

Most Recent M&A

Company Date Value Type
7-Eleven, Inc. - 106 Speedway & Sites 2021-04-29 263M USD Divestiture
Dallas, Texas
State Oil - Assests 2016-07-15 45M USD Divestiture
Libertyville, Illinois
SSG Corp - 31 Convenience Stores 2016-01-06 49M USD Divestiture
, United States
Landmark - 22 convenience stores 2014-12-17 64M USD Divestiture
, United States
Erickson Oil Products, Inc. 2014-12-10 85M USD Add-on Acquisition
Hudson, Wisconsin
Nice N Easy Grocery Shoppes, Inc. 2014-11-03 - Joint Venture
Canastota, New York · www.niceneasy.com
Lehigh Gas GP LLC 2014-10-01 85M USD Divestiture
, United States
Petroleum Marketers, Inc. 2014-05-01 61M USD Add-on Acquisition
Roanoke, Virginia · www.petroleummarketers.com
Atlas Oil Co - Wholesale Motor Fuel Supply Contracts & Motor Fuel Stations 2014-04-17 50M USD Divestiture
, United States
Rogers Petroleum - 17 Motor Fuel Stations 2013-08-07 21M USD Divestiture
, Tennessee
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Petroleum Marketers, Inc. 2014-05-01 Whiting Oil Co. 2015-10-13 2
Roanoke, Virginia · www.petroleummarketers.com Culpeper, Virginia
Petroleum Marketers, Inc. 2014-05-01 Northern Neck Oil Co., Inc. 2015-10-13 1
Roanoke, Virginia · www.petroleummarketers.com Warsaw, Virginia

M&A by Sector

Sector Buy # Value Sell # Value
Retail 12 (92%) 630M (93%) - -
Energy Services and Equipment 1 (8%) 45M (7%) - -
Oil/Gas Exploration - - 1 (100%) 85M (100%)
Total 13 $675M 1 $85M

By Geo

State/Country Buy Value Sell Value
United States 13 675M 1 85M
  Tennessee 2 58M - -
  Pennsylvania 2 - - -
  Wisconsin 1 85M - -
  Virginia 1 61M - -
  Texas 1 263M - -
  New York 1 - - -
  Illinois 1 45M - -
  Florida 1 - - -
Total 13 $675M 1 $85M

Top M&A Advisors

Legal Deals
Vinson & Elkins
1
Skadden, Arps, Slate, Meagher & Flom
1

Deal Values

buy # Total
$100M to $1B 1 $263M
< $100M 8 $412M
TOTAL $675M
Largest 7-Eleven, Inc. - 106 Speedway & Sites
$263M (2021-04-29)
sell # Total
< $100M 1 $85M
TOTAL $85M
Largest Lehigh Gas GP LLC
$85M (2014-10-01)

M&A Connections

Deals
Acquired from
Strategic(s)
62%
8 (62%)
Divested to
Strategic(s)
100%
1 (100%)

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