Divestiture • Retail

FEMSA Acquires Delek US Retail

On October 1, 2024, FEMSA acquired retailer Delek US Retail from Delek US for 385M USD

Acquisition Context
  • This is FEMSA’s 7th transaction in the Retail sector.
  • This is FEMSA’s 2nd largest (disclosed) transaction.
  • This is FEMSA’s 2nd transaction in the United States.

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M&A Deal Summary

Date October 1, 2024
Target Delek US Retail
Sector Retail
Buyer(s) FEMSA
Sellers(s) Delek US
Deal Type Divestiture
Deal Value 385M USD

Target Company

Delek US Retail

United States
Delek US Retail is an operator of retail business in US.
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Buyer Overview 1

Buyer

FEMSA

Monterrey, Mexico

Category Company
Founded 1890
Sector Beverages
Employees390,156
Revenue 781.6B MXN (2024)
DESCRIPTION

FEMSA is a multinational company with operations in beverages, retail, and strategic businesses, owning Coca-Cola FEMSA and retail chains including OXXO and OXXO GAS. FEMSA also operates a Health Division focused on drugstores and related services. FEMSA provides logistics, refrigeration, and plastics solutions to support its own operations and third-party clients. FEMSA was founded in 1890 and is based in Monterrey, Mexico.


Deal Context for Buyer #
Overall 8 of 8
Sector: Retail 7 of 7
Type: Divestiture 1 of 1
Country: United States 2 of 2
Year: 2024 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 AeriTek

Kennesaw, Georgia, United States

AeriTek is a provider of refrigeration and foodservice equipment operations. AeriTek is based in Kennesaw, Georgia.

Sell $8.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-10 Solistica

Nuevo Leon, Mexico

Solistica is a comprehensive third-party logistics (3PL) and supply chain solutions, operating in Latin America and North America with a focus on transportation, warehousing, and distribution. Solistica is based in Nuevo Leon, Mexico.

Sell $4.1B

Seller Profile 1

SELLER

Delek US

Brentwood, Tennessee, United States

Category Company
Founded 2001
Sector Energy Services and Equipment
Employees1,987
Revenue 11.9B USD (2024)
DESCRIPTION

Delek US is a diversified downstream energy company with assets in petroleum refining, logistics and convenience store retailing. Delek US was incorporated in 2001 and is based in Brentwood, Tennessee.


Deal Context for Seller #
Overall 2 of 2
Sector: Retail 2 of 2
Type: Divestiture 2 of 2
Country: United States 2 of 2
Year: 2024 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Alon USA Energy

Dallas,, Texas, United States

USA Energy, Inc. is an independent refiner and marketer of petroleum products, operating primarily in the western and south-central regions of the United States.

Buy $464M

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