M&A: Couche-Tard buying 35 stores in Pacific Northwest

摘要

After shedding stores elsewhere, Alimentation Couche- Tard Inc. signaled a desire to grow in the Pacific Northwest, announcing on Thursday that it has entered a binding agreement to acquire 35 Porter’s convenience stores with fuel operations from ARS Fresno LLC and affiliates for undisclosed terms. The stores are primarily in Oregon and western Washington, where OPIS figures suggest the c-store giant has room to grow. Though Couche-Tard’s Circle K brand has the No. 1 market share by store brand in the U.S. at 7.69%, Circle K is No. 12 in Washington state at 2.32% and No. 15 in Oregon at 1.21%, according to OPIS MarketSharePro.