Alimentation Couche-Tard Inc. signed an agreement to acquire 29 stores in Orlando, Fla., from Florida Oil Holdings LLC through Couche-Tard’s indirect wholly-owned subsidiary Circle K Stores Inc.
The transaction is anticipated to close at the end of August, and is subject to a standard regulatory approvals and closing conditions. The price cannot yet be disclosed.
All stores are company-operated and offer motor fuel, all under the BP brand. Thirteen of the sites are equipped with car washes. The sites are expected to operate under the Circle K brand.
“This is a great opportunity for the Florida Division to strengthen our market share in the Orlando market,” said David Morgan, vice president of the company’s Florida operations. “The assets are very high quality and are great locations. I am very confident the assets and team will make an immediate positive contribution to the corporation.”
This transaction brings the company-operated store count to 406. Couche-Tard has a total network of 5,803 convenience stores, 4,216 of which include motor fuel.