M&A Deal Summary

CrossAmerica Acquires Rogers Petroleum - 17 Motor Fuel Stations

On August 7, 2013, CrossAmerica acquired retailer Rogers Petroleum - 17 Motor Fuel Stations from Rogers Petroleum for 21M USD

Acquisition Highlights
  • This is CrossAmerica’s 5th transaction in the Retail sector.
  • This is CrossAmerica’s 9th largest (disclosed) transaction.
  • This is CrossAmerica’s 5th transaction in the United States.
  • This is CrossAmerica’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2013-08-07
Target Rogers Petroleum - 17 Motor Fuel Stations
Sector Retail
Buyer(s) CrossAmerica
Sellers(s) Rogers Petroleum
Deal Type Divestiture
Deal Value 21M USD

Target

Rogers Petroleum - 17 Motor Fuel Stations

Tennessee, United States
Rogers Petroleum - 17 Motor Fuel Stations are located in eastern Tennessee, with a concentration in the Tri-Cities region and along Interstate 81. The portfolio sold 18.7 million gallons of motor fuels in 2012. Thirteen of the sites are "Zoomerz" branded sites and the remaining four (4) sites are Exxon branded.

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Buyer(S) 1

Buyer

CrossAmerica

Allentown, Pennsylvania, United States
Category Company
Founded 1992
Sector Energy Services and Equipment
Employees548
Revenue 4.4B USD (2023)
DESCRIPTION

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

DEAL STATS #
Overall 5 of 13
Sector (Retail) 5 of 12
Type (Divestiture) 3 of 8
State (Tennessee) 2 of 2
Country (United States) 5 of 13
Year (2013) 2 of 2
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Rocky Top - 30 Motor Fuel Stations

Knoxville, Tennessee, United States

Rocky Top - 30 Motor Fuel Stations are located in and around the Knoxville, TN region and along Interstate 40 and 75. In aggregate, including the assumed third party supply contracts, the total portfolio sold 34.1 million gallons of motor fuel in 2012.

Buy $37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-17 Atlas Oil Co - Wholesale Motor Fuel Supply Contracts & Motor Fuel Stations

United States

Atlas Oil Co - Wholesale Motor Fuel Supply Contracts & Motor Fuel Stations are all located in the metro Chicago area and are all branded BP locations. The 55 wholesale supply contracts have a weighted average term remaining of approximately 15 years. The 11 fee or leasehold sites are all currently leased to third party commission agents.

Buy $50M

Seller(S) 1

SELLER

Rogers Petroleum

Morristown, Tennessee, United States
Category Company
Founded 1980
Sector Energy Services and Equipment
DESCRIPTION

Rogers Petroleum is one-stop-shop for all your petroleum-related products. Company are proud distributors of both branded and unbranded petroleum-related products. Company carry gasoline, diesel fuel, biofuels (including ethanol and biodiesel), kerosene, racing fuels, and marine additives. Company 24 hours a day, 7 days a week (including holidays) delivery service guarantees that product is available when need it.

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 (2013) 1 of 1
Size (of disclosed) 1 of 1
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