M&A Deal Summary |
|
|---|---|
| Date | 2016-07-15 |
| Target | State Oil - Assests |
| Sector | Energy Services and Equipment |
| Buyer(s) | CrossAmerica |
| Sellers(s) | State Oil |
| Deal Type | Divestiture |
| Deal Value | 45M USD |
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| Category | Company |
|---|---|
| Founded | 1992 |
| Sector | Energy Services and Equipment |
| Employees | 548 |
| Revenue | 4.4B USD (2023) |
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 | 12 of 13 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 7 of 8 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 12 of 13 |
| Year (2016) | 2 of 2 |
| Size (of disclosed) | 7 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-06 |
SSG Corp - 31 Convenience Stores
United States SSG Corp - 31 Convenience operated stores, 28 are located in Wisconsin and 3 are located in Minnesota. Twenty-seven of the sites are owned fee simple locations. For the twelve month period ended August 31, 2015, the sites sold approximately 26.5 million gallons of motor fuel and had approximately $44.0 million in inside sales. |
Buy | $49M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-29 |
7-Eleven - 106 Speedway & Sites
Dallas, Texas, United States 106 Speedway & Sites consist of company-operated sites and are located in regions of the U.S. within CrossAmerica’s existing asset base. |
Buy | $263M |
| Category | Company |
|---|---|
| Founded | 1947 |
| Sector | Energy Services and Equipment |
State Oil has been in the petroleum industry since 1947. State Oil owns more than 50 gas stations, and supplies over 90 stations. State Oil self operates many of the stations while leasing out the remainder to independent operators.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
