M&A Deal Summary

Alimentation Acquires Circle K

On October 7, 2003, Alimentation acquired retailer Circle K from ConocoPhillips for 821M USD

Acquisition Highlights
  • This is Alimentation’s 1st transaction in the Retail sector.
  • This is Alimentation’s 3rd largest (disclosed) transaction.
  • This is Alimentation’s 2nd transaction in the United States.
  • This is Alimentation’s 1st transaction in Arizona.

M&A Deal Summary
Date 2003-10-07
Target Circle K
Sector Retail
Buyer(s) Alimentation
Sellers(s) ConocoPhillips
Deal Type Divestiture
Deal Value 821M USD

Target

Circle K

Phoenix, Arizona, United States
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.

Search 199,713 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Alimentation

Laval, Quebec, Canada
Category Company
Founded 1980
Sector Retail
Employees150,000
Revenue 71.9B USD (2023)
DESCRIPTION

Alimentation is one of the largest company-owned convenience store operators in the world with more than 13,000 stores across Canada, the United States, Europe, Mexico, Japan, China, and Indonesia. Alimentation was incorporated in 1980 and is based in Laval, Canada.

DEAL STATS #
Overall 2 of 11
Sector (Retail) 1 of 9
Type (Divestiture) 1 of 4
State (Arizona) 1 of 2
Country (United States) 2 of 8
Year (2003) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-01 Johnson Oil Company

Gonzales, Texas, United States

Johnson Oil Company is providing fuels and lubricants to South and Central Texas, Louisiana and Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 The Pantry

Cary, North Carolina, United States

The Pantry, Inc. is a independently operated convenience store chain in the southeastern United States.

Buy $1.7B

Seller(S) 1

SELLER

ConocoPhillips

Houston, Texas, United States
Category Company
Founded 1917
Sector Oil/Gas Exploration
Employees9,500
Revenue 56.1B USD (2023)
DESCRIPTION
Entrance to ConocoPhillips' corporate campus in Houston, Texas.
Entrance to ConocoPhillips' corporate campus in Houston, Texas.

ConocoPhillips is an integrated energy company with operations and activities across the world. The Company's key focus areas include operating producing assets, executing major developments and exploring for new resources in promising areas. ConocoPhillips' portfolio includes resource-rich North American shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and a growing inventory of global conventional and unconventional exploration prospects. ConocoPhillips was incorporated in 1917 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 10
Sector (Retail) 1 of 1
Type (Divestiture) 2 of 9
State (Arizona) 1 of 1
Country (United States) 2 of 9
Year (2003) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-30 Conoco

Houston, Texas, United States

Conoco, Inc. is an oil/gas exploration company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 ConocoPhillips - Midstream Assets

Houston, Texas, United States

ConocoPhillips - Midstream Assets consists of an integrated gathering and processing system, covering approximately 2,000 square miles from Lake Charles to Lafayette, with approximately 700 miles of pipeline and processing capacity of about 260 MMcfd and 14 MBD of NGL raw mix production.

Sell -
Mergr

Product

Company

Legal