M&A Deal Summary

CrossAmerica Acquires Erickson Oil Products

On December 10, 2014, CrossAmerica acquired retailer Erickson Oil Products for 85M USD

Acquisition Highlights
  • This is CrossAmerica’s 9th transaction in the Retail sector.
  • This is CrossAmerica’s 2nd largest (disclosed) transaction.
  • This is CrossAmerica’s 9th transaction in the United States.
  • This is CrossAmerica’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2014-12-10
Target Erickson Oil Products
Sector Retail
Buyer(s) CrossAmerica
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

Erickson Oil Products

Hudson, Wisconsin, United States
Erickson operates 64 convenience stores located in Minnesota, Michigan, Wisconsin and South Dakota, with a concentration in the Minneapolis / St. Paul region. The stores operate primarily under Erickson's own proprietary store brand, Freedom Valu. Of the 64 store locations, 59 are owned fee simple with the remaining sites being leaseholds.

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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 9 of 13
Sector (Retail) 9 of 12
Type (Add-on Acquisition) 4 of 4
State (Wisconsin) 1 of 1
Country (United States) 9 of 13
Year (2014) 4 of 5
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 Nice N Easy Grocery Shoppes

Canastota, New York, United States

Nice N Easy operates 77 corporate and franchise stores in Central New York. Nice N Easy has been at the forefront of the foodservice growth in convenience stores with the presence of its own Easy Street Eatery concept in many of its corporate stores.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-17 Landmark - 22 convenience stores

United States

Landmark - 22 convenience stores operate under the Timewise brand name and provide Shell branded fuel.Of the 22 owned fee simple locations, 20 are located in the San Antonio area and 2 are located in the greater Austin area.

Buy $64M
Mergr

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