M&A Deal Summary

GPM Investments Acquires VPS Convenience Store Group

On June 9, 2015, GPM Investments acquired retailer VPS Convenience Store Group from Sun Capital Partners

Acquisition Highlights
  • This is GPM Investments’ 1st transaction in the Retail sector.
  • This is GPM Investments’ 1st transaction in the United States.
  • This is GPM Investments’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2015-06-09
Target VPS Convenience Store Group
Sector Retail
Buyer(s) GPM Investments
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition

Target

VPS Convenience Store Group

Wilmington, North Carolina, United States
Village Pantry/ Worsley ('VP C-Store Holding') is an operator of over 400 convenience stores in Indiana, Ohio, and North and South Carolina under the Village Panty, Scotchman, Youngs', S-E and Li'l Cricket names and sells premium fuel as well as its proprietary, Carolina Petro and Anytime Energy, and a large selection of convenience and snack foods.

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Buyer(S) 1

Buyer

GPM Investments

Richmond, Virginia, United States
Category Company
Sector Retail
DESCRIPTION

GPM Investments is a privately-owned convenience store operator and branded fuel distributor in the U.S. GPM Investments is based in Richmond, Virginia.

DEAL STATS #
Overall 1 of 6
Sector (Retail) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (North Carolina) 1 of 1
Country (United States) 1 of 6
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Gas-Mart USA - 21 Convenience Stores

United States

Gas-Mart USA - 21 Convenience Stores operates gasoline stations and convenience stores and located in Illinois, Iowa and Nebraska.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 67 of 127
Sector (Retail) 11 of 24
Type (Add-on Acquisition) 26 of 53
State (North Carolina) 2 of 3
Country (United States) 48 of 88
Year (2015) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Critical Flow Solutions

Sandy, Utah, United States

Critical Flow Solutions is a provider of broad range of products and services to the petroleum refining industry. The DeltaValve brand is the market leader and offers solutions for the delayed coking process in refineries. The TapcoEnpro brand provides market leading solutions for the fluid catalytic cracking process in refineries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 Point Blank Enterprises

Pompano Beach, Florida, United States

Point Blank Enterprises is a provider of protective solutions, including bullet, fragmentation, and stab-resistant apparel and related accessories. Point Blank Enterprises is based in Pompano Beach, Florida.

Sell -
Mergr

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