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  6. CST Brands and CrossAmerica Acquire Nice N Easy Grocery Shoppes

M&A Deal Summary

CST Brands and CrossAmerica Acquire Nice N Easy Grocery Shoppes

On November 3, 2014, CST Brands and CrossAmerica acquired retailer Nice N Easy Grocery Shoppes

Acquisition Highlights
  • This is CST Brands’ 1st and CrossAmerica’s 8th transaction in the Retail sector.
  • This is CST Brands’ 2nd and CrossAmerica’s 8th transaction in the United States.
  • This is CST Brands’ 1st and CrossAmerica’s 1st transaction in New York.

M&A Deal Summary
Date 2014-11-03
Target Nice N Easy Grocery Shoppes
Sector Retail
Buyer(s) CST Brands
CrossAmerica
Deal Type Joint Venture

Target

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.

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Buyer(S) 2

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 2 of 4
Sector: Retail M&A 1 of 3
Type: Joint Venture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 2 of 4
Year: 2014 M&A 2 of 3
PREVIOUS 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.

Buy $85M
FOLLOWING 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
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 8 of 13
Sector: Retail M&A 8 of 12
Type: Joint Venture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 8 of 13
Year: 2014 M&A 3 of 5
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Erickson Oil Products

Hudson, Wisconsin, United States

Erickson operates 64 convenience stores located in Minnesota, Michigan, Wisconsin and South Dakota, with a concentration in the Minneapolis / St. Paul region. The stores operate primarily under Erickson's own proprietary store brand, Freedom Valu. Of the 64 store locations, 59 are owned fee simple with the remaining sites being leaseholds.

Buy $85M
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