M&A Deal Summary |
|
|---|---|
| Date | 2013-08-01 |
| Target | Rocky Top - 30 Motor Fuel Stations |
| Sector | Retail |
| Buyer(s) | CrossAmerica |
| Sellers(s) | Rocky Top Markets |
| Deal Type | Divestiture |
| Deal Value | 37M USD |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1992 |
| Sector | Energy Services and Equipment |
| Employees | 548 |
| Revenue | 4.1B USD (2024) |
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 | 4 of 13 |
| Sector: Retail M&A | 4 of 12 |
| Type: Divestiture M&A Deals | 2 of 8 |
| State: Tennessee M&A | 1 of 2 |
| Country: United States M&A | 4 of 13 |
| Year: 2013 M&A | 1 of 2 |
| Size (of disclosed) | 8 of 9 |
| 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-07 |
Rogers Petroleum - 17 Motor Fuel Stations
Tennessee, United States Rogers Petroleum - 17 Motor Fuel Stations are located in eastern Tennessee, with a concentration in the Tri-Cities region and along Interstate 81. The portfolio sold 18.7 million gallons of motor fuels in 2012. Thirteen of the sites are "Zoomerz" branded sites and the remaining four (4) sites are Exxon branded. |
Buy | $21M |
Rocky Top Markets LLC is a operater of gas and petroleum stations. The company also provides automatic car wash services; and convenient stop products, such as snacks, beverages, and food items.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Retail M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Tennessee M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2013 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
