M&A Deal Summary

Tosco Acquires Circle K

On February 17, 1996, Tosco acquired retailer Circle K for 710M USD

Acquisition Highlights
  • This is Tosco’s 1st transaction in the Retail sector.
  • This is Tosco’s largest (disclosed) transaction.
  • This is Tosco’s 1st transaction in the United States.
  • This is Tosco’s 1st transaction in Arizona.
Investment Fate
  • Circle K was divested to a consortium of strategic buyers in 2003 for 821M USD.

M&A Deal Summary
Date 1996-02-17
Target Circle K
Sector Retail
Buyer(s) Tosco
Deal Type Add-on Acquisition
Deal Value 710M USD

Target

Circle K

Phoenix, Arizona, United States
website
Circle K is a global convenience and fuel retailer. The Circle K banner regroups a network of more than 10,500 stores in 27 countries. Circle K stores offer a broad mix of food products, premium coffee, beverages, other merchandise and services and motor fuel.

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Buyer(S) 1

Buyer

Tosco

Stamford, Connecticut, United States
Category Company
Founded 1955
Sector Energy Services and Equipment
Employees21,300
Revenue 28.0B USD (2000)
DESCRIPTION

Tosco is an independent US based petroleum refining and marketing corporation based in Stamford, Connecticut.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (1996) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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