Couche-Tard acquires 35 Porter sites in Oregon, western Washington
The transaction includes convenience and retail fuel sites and is expected to be finalized in the second half of September 2021. Financial details were not disclosed.
Alimentation Couche-Tard Inc. will acquire 35 retail fuel and convenience store sites currently operated under the Porter’s brand and located primarily in Oregon and western Washington. The closing of the transaction for an undisclosed amount is expected to be finalized in the second half of September 2021, according to a press release.
Couche-Tard has announced that it is moving forward with a binding agreement to acquire Porter’s convenience and fuel retail sites from ARS Fresno LLC and certain affiliates.
“We are delighted to integrate Porter’s stores and team members into the Couche-Tard family. These locations have strong fuel and convenience assets with a history of growth and a network of experienced employees. With this transaction, we look forward to expanding into the Pacific Northwest and making life a little easier for our customers on a daily basis there. said Brian Hannasch, President and CEO of Alimentation Couche-Tard.
Couche-Tard is a leading global convenience store and fuel retailer, operating in 26 countries and territories, with more than 14,200 stores, of which approximately 10,800 provide road transportation fuel. With its well-known Couche-Tard and Circle K banners, it is the largest independent convenience store operator in terms of number of corporate stores in the United States and is a leader in the convenience and retail industry. fuel detail for road transport. in Canada, Scandinavia, the Baltic States, as well as in Ireland. It also has a significant presence in Poland and Hong Kong.