Double Kwik to Sell 57 Local Stores

WISE, VA.-BASED DOUBLE KWIK
Markets has entered into plans to sell its 57
convenience locations to Mechanicsville,
Va.-based GPM Investments. GPM plans to
convert the entire Double Kwik chain to its
Fas Mart brand across Southwest Virginia and
Tennessee. According to David McComas, CEO
of GPM, the acquisition is a “natural extension
of where we’re at now. This is a natural
growth for us, in this particular market at this
particular time.” GPM Investments operates
about 150 Fas Mart and Shore Stop locations
in Virginia, Maryland and Delaware. The firm
hopes to complete the purchase by year’s end.
McComas added that GPM is hiring the entire
Double Kwik management team.

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