CrossAmerica Mergers and Acquisitions Summary

Energy Services And EquipmentCompany

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%).

Join Mergr and gain access to CrossAmerica’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

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

600 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 formed in 1992 and is based in Allentown, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 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 LLP
1
Skadden, Arps, Slate, Meagher & Flom LLP
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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