Couche-Tard acquires 17 convenience stores from Slidell Oil
Couche-Tard has entered into an agreement with Slidell Oil Company and related entities to acquire 17 convenience stores operating under the Purple Cow banner and 23 wholesale fuel accounts in three states in the southeastern United States.
The acquisition, which closed on December 16, 2021, includes assets and accounts owned and operated by Slidell Oil Company of Slidell, Louisiana.
The main owners of Slidell Oil are brothers Keith and Brian Baker, third generation owners who have run the company since the early 2000s.
The company has its roots in the 1940s and has a proud history in the convenience retail and wholesale business of fuels, primarily in Louisiana and Alabama.
Slidell Oil’s assets will complement the existing Circle K portfolio in the region.
On the fuels side, the wholesale accounts will further complement Circle K’s wholesale fuels business.
Alex Miller, Executive Vice President of Operations at Couche-Tard North America, said, “We are very excited to add Slidell Oil’s high quality locations and refueling assets to our growing footprint along the coast. of the Gulf.
“As we expand our presence in the region, we look forward to bringing the Circle K experience to new customers and making their lives easier every day. “
Couche-Tard is a leading convenience store and fuel retailer, operating in 26 countries and territories, with nearly 14,200 stores, of which approximately 10,800 provide road transportation fuel.
With its Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States and is a leader in the convenience store and retail transportation fuel industry. road in Canada, Scandinavia, the Baltic States and Ireland.
It also operates in Poland and Hong Kong SAR.
Around 124,000 people are employed across its network.
© 2021 European supermarket magazine. Article by Conor Farrelly. For more information on retail, click here. Click on subscribe register for ESM: European Magazine of Supermarkets.