M&A Deal Summary

CrossAmerica Acquires Dunmore Oil

On December 24, 2012, CrossAmerica acquired retailer Dunmore Oil

Acquisition Highlights
  • This is CrossAmerica’s 3rd transaction in the Retail sector.
  • This is CrossAmerica’s 3rd transaction in the United States.
  • This is CrossAmerica’s 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2012-12-24
Target Dunmore Oil
Sector Retail
Buyer(s) CrossAmerica
Deal Type Add-on Acquisition

Target

Dunmore Oil

Dunmore, Pennsylvania, United States
Dunmore Oil Co. Inc. owns and operates petrol pumps and convenience stores and retails heating oil, propane, and unbranded motor fuels.

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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 3 of 13
Sector (Retail) 3 of 12
Type (Add-on Acquisition) 2 of 4
State (Pennsylvania) 2 of 2
Country (United States) 3 of 13
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-24 Express Lane - 45 Fuel Sites

Lynn Haven, Florida, United States

Express Lane - 45 Fuel Sites are concentrated in the Tallahassee/Panama City metropolitan area and along the Interstate 10 corridor of the "panhandle" region located in northwest Florida. Seven of the sites are fee simple interests and 38 are leasehold interests. Forty-three of the 45 sites sell motor fuel, of which 41 sites sell branded motor fuel, including 25 Chevron sites and 16 ExxonMobil sites. Two sites sell unbranded motor fuel. The remaining two sites are real estate acquisitions. The motor fuel volume for the 43 sites totaled more than 42 million gallons in 2011.

Buy -
FOLLOWING 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