1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Virginia >
  6. CrossAmerica Acquires Petroleum Marketers

M&A Deal Summary

CrossAmerica Acquires Petroleum Marketers

On May 1, 2014, CrossAmerica acquired retailer Petroleum Marketers for 61M USD

Acquisition Highlights
  • This is CrossAmerica’s 7th transaction in the Retail sector.
  • This is CrossAmerica’s 4th largest (disclosed) transaction.
  • This is CrossAmerica’s 7th transaction in the United States.
  • This is CrossAmerica’s 1st transaction in Virginia.

M&A Deal Summary
Date 2014-05-01
Target Petroleum Marketers
Sector Retail
Buyer(s) CrossAmerica
Deal Type Add-on Acquisition
Deal Value 61M USD

Target

Petroleum Marketers

Roanoke, Virginia, United States
Petroleum Marketers, Inc. operates two primary lines of business: convenience stores and petroleum products distribution. In its convenience store business, PMI operates 85 convenience stores and 9 co-located branded quick service restaurants located primarily along the Interstate 81 corridor in Virginia, with a concentration in the Roanoke, VA area. The petroleum products business distributes motor fuels and other petroleum products to customers throughout Virginia, West Virginia, Tennessee and North Carolina.

Search 214,238 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

CrossAmerica

Allentown, Pennsylvania, United States
Category Company
Founded 1992
Sector Energy Services and Equipment
Employees548
Revenue 4.1B USD (2024)
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 7 of 13
Sector: Retail M&A 7 of 12
Type: Add-on Acquisition M&A Deals 3 of 4
State: Virginia M&A 1 of 1
Country: United States M&A 7 of 13
Year: 2014 M&A 2 of 5
Size (of disclosed) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-17 Atlas Oil Co - Wholesale Motor Fuel Supply Contracts & Motor Fuel Stations

United States

Atlas Oil Co - Wholesale Motor Fuel Supply Contracts & Motor Fuel Stations are all located in the metro Chicago area and are all branded BP locations. The 55 wholesale supply contracts have a weighted average term remaining of approximately 15 years. The 11 fee or leasehold sites are all currently leased to third party commission agents.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Lehigh Gas GP

United States

Lehigh Gas GP LLC, the general partner of Lehigh Gas Partners LP which is engaged in the wholesale distribution of motor fuels to sub-wholesalers, independent dealers, lessee dealers, and others; and retail distribution of motor fuels.

Sell $85M
Mergr

Solution for

Product

Company

Legal