M&A Deal Summary

Maverik Acquires Solar Transport

On April 21, 2023, Maverik acquired transportation company Solar Transport

Acquisition Highlights
  • This is Maverik’s 1st transaction in the Transportation sector.
  • This is Maverik’s 2nd transaction in the United States.
  • This is Maverik’s 2nd transaction in Iowa.

M&A Deal Summary
Date 2023-04-21
Target Solar Transport
Sector Transportation
Buyer(s) Maverik
Deal Type Add-on Acquisition

Target

Solar Transport

Des Moines, Iowa, United States
Solar Transport is a tank truck carrier and logistics provider. Solar Transport is based in Des Moines, Iowa.

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Buyer(S) 1

Buyer

Maverik

Salt Lake City, Utah, United States
Category Company
Founded 1928
Sector Retail
DESCRIPTION

Maverik is an independent fuel marketer in the Intermountain West. Locations include Arizona, California, Colorado, Idaho, New Mexico, Nebraska, Nevada, Oregon, South Dakota, Utah, Washington, and Wyoming. Maverik is known for its premium BonFireTM food, made fresh in every Maverik, every day, and awesome values on fuel, drinks, and snacks. Maverik sells exclusive products in its BonFireTM fresh- made food menu and “Bean to Cup” coffee blends. Maverik was founded in 1928 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Iowa) 2 of 2
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-21 Kum & Go

Des Moines, Iowa, United States

Kum & Go is a family-owned convenience store chain with over 400 locations across 13 states. Kum & Go was founded in 1959 and is based in Des Moines, Louisiana.

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