M&A Deal Summary |
|
|---|---|
| Date | 2014-10-01 |
| Target | Lehigh Gas GP |
| Sector | Oil/Gas Exploration |
| Buyer(s) | CST Brands |
| Sellers(s) | CrossAmerica |
| Deal Type | Divestiture |
| Deal Value | 85M USD |
| Advisor(s) | Barclays Investment Bank (Financial) Skadden, Arps, Slate, Meagher & Flom (Legal) |
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| Category | Company |
|---|---|
| Sector | Retail |
| Employees | 9,951 |
| Revenue | 11.4B USD (2015) |
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 | 1 of 4 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 3 |
| Country (United States) | 1 of 4 |
| Year (2014) | 1 of 3 |
| Size (of disclosed) | 1 of 2 |
| 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 | - |
| 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 | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-01 |
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. |
Buy | $61M |
| 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 | - |
