M&A Deal Summary

CST Brands Acquires Flash Foods

On February 1, 2016, CST Brands acquired retailer Flash Foods from The Jones

Acquisition Highlights
  • This is CST Brands’ 3rd transaction in the Retail sector.
  • This is CST Brands’ 4th transaction in the United States.
  • This is CST Brands’ 1st transaction in Georgia.

M&A Deal Summary

Date 2016-02-01
Target Flash Foods
Sector Retail
Buyer(s) CST Brands
Sellers(s) The Jones
Deal Type Divestiture

Target

Flash Foods

Waycross, Georgia, United States
Flash Foods, Inc. is an operator of food stores.

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Buyer(S) 1

Buyer

CST Brands

San Antonio, Texas, United States

Category Company
Sector Retail
Employees9,951
Revenue 11.4B USD (2015)
DESCRIPTION

CST Brands, Inc. is a retailer of motor fuels and convenience merchandise in North America. Based in San Antonio, Texas, CST has approximately 1,900 locations throughout the Southwestern United States and Eastern Canada offering a broad array of convenience merchandise, beverages, snacks and fresh food.


DEAL STATS #
Overall 4 of 4
Sector (Retail) 3 of 3
Type (Divestiture) 3 of 3
State (Georgia) 1 of 1
Country (United States) 4 of 4
Year (2016) 1 of 1
PREVIOUS 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

Seller(S) 1

SELLER

The Jones

Waycross, Georgia, United States

Category Company
Founded 1982
Sector Retail
DESCRIPTION

The Jones Co., Inc. is an operator of convenience stores.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1