Alimentation Couche-Tard builds company-operated business in its West Coast Division as it plans to acquire a handful of Sun Mart stores.
Alimentation Couche-Tard has signed an agreement to acquire 27 stores from Sun Pacific Energy in Eastern Washington State, mostly in the tri-city area of Pasco, Kennewick and Richland.
The transaction is expected to close November 2012. The purchase price is confidential between the two parties, and cannot be disclosed at this time.
All 27 stores are company-operated, 26 offer motor fuel and 19 of the fuel sites are Shell-branded, while the other seven are Exxon-branded. Three of the sites also include car washes, and five have sandwich programs with Subway or Blimpie brands. The stores will be operated by Couche-Tard’s West Coast Division under the Circle K banner. The sites are expected to bring a total additional volume of more than 43 million gallons of motor fuel in sales annually, and nearly $35 million in merchandise revenue.
“This is a great opportunity for the West Coast Division to make an entry into a new market with very high quality assets from an outstanding and highly respected operator,” said Tim Tourek, vice president of operations for the U.S. West Coast Division. “I am very confident the assets, market and team would make an immediate positive contribution to the corporation.”
Tourek said this transaction could bring the company-operated store count for the division to 252.
Couche-Tard Inc. is the largest Alimentation independent c-store operator in North America with a network of 5,803 convenience stores with 4,216 of them including fuel dispensers.