M&A Deal Summary

Arko Acquires GPM Investments

On December 22, 2020, Arko acquired retailer GPM Investments from Harvest Partners

Acquisition Highlights
  • This is Arko’s 1st transaction in the Retail sector.
  • This is Arko’s 1st transaction in the United States.
  • This is Arko’s 1st transaction in Virginia.

M&A Deal Summary

Date 2020-12-22
Target GPM Investments
Sector Retail
Buyer(s) Arko
Sellers(s) Harvest Partners
Deal Type Add-on Acquisition

Target

GPM Investments

Richmond, Virginia, United States
GPM Investments is a privately-owned convenience store operator and branded fuel distributor. GPM Investments is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

Arko

Richmond, Virginia, United States

Category Company
Sector Retail
Revenue 8.7B USD (2024)
DESCRIPTION

Arko is one of the operators of convenience stores and wholesalers of fuel. Arko is based in Richmond, Virginia.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Harvest Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a Investment firm provides Private Equity and Structured Capital focused on buyout, growth capital, minority position, and non-control investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA). Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, marketing, building products and distribution companies valued between $100 and $1000 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 29 of 36
Sector: Retail M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 7
State: Virginia M&A 1 of 1
Country: United States M&A 25 of 32
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Vincit

Chattanooga, Tennessee, United States

Vincit is a provider of food safety and pathogen control services for the protein industry. Vincit plays an important role in ensuring compliance with food safety standards and protecting the food supply chain. They have a large presence throughout the U.S. and serves a blue chip customer base across the food and beverage industry. Vincit was founded in 1968 and is based in Chattanooga, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Marcone

St Louis, Missouri, United States

Marcone is a distributor of original equipment parts for the repair of residential appliances in the United States and Canada. Marcone's customer base is comprised of thousands of residential appliance repair service providers and technicians, as well as extended warranty providers. Marcone is based in St Louis, Missouri.

Buy -