QuikTrip (QT) opened a new Remote Store Network location in Clinton, Miss., the first QT location in Mississippi. Additionally, QT plans to open more Mississippi locations in Flowood, Jackson, Byram, Olive Branch and Gulfport by the end of this year. The opening day of business was March 23. The Travel Center features a larger designed…
The Kent Cos. Acquires Tom Thumb Food Stores
Kent Kwik Convenience Stores, an entity of The Kent Cos., has entered into an asset purchase agreement to acquire the Hialeah, Fla.-based Tom Thumb Food Stores Inc. “I have always admired their business model, leadership and community support. I am honored that they would entrust their legacy to our company,” said Bill Kent, owner and…
NAG Burning Issue Sessions Discuss Culture, Foodservice
On Monday, March 27, the National Advisory Group (NAG) Conference got underway at the JW Marriott in Austin, Texas, with educational sessions on developing your corporate culture and forecasting future foodservice demand. NAG Executive Director John Lofstock welcomed attendees to the conference. “What makes NAG special is that this is truly your association. The educational…
ARKO Corp. Proposes Acquisition of TravelCenters of America
ARKO Corp. has proposed an acquisition of TravelCenters of America (TA), issuing a letter to TA’s board urging them to consider the proposition. The company also implored TA to engage with, rather than exclude, ARKO in the sale process. Following the submission of ARKO’s March 14 proposal to acquire TravelCenters for $92 a share and…
Prominent Energy Company Makes Leadership Changes
A prominent downstream energy company with assets including convenience store retailing announced changes to its senior leadership team: Joseph Israel named executive vice president, operations, effective March 27 Tommy Chavez named senior vice president, refining operations, effective April 10 Todd O’Malley, executive vice president and chief operating officer, pursuing other opportunities Nithia Thaver, executive vice…
Parkland Announces Agreement With Simpson Oil
Parkland Corp. announced it has entered into an agreement with its largest long-term shareholder Simpson Oil Ltd. The agreement furthers the longstanding and successful relationship between Parkland and Simpson Oil. The agreement provides Simpson Oil, holder of over 19% of the issued and outstanding Parkland shares, the right to designate up to two nominees for…
TravelCenters of America Offered New Acquisition Bid
TravelCenters of America (TA) has recently been offered another acquisition bid from Party G, a fuel supplier and convenience store operator. Party G wants to acquire TA by offering $92 a share for 100% of the company. Party G planned to pay for the acquisition through a combination of cash, external financing and lines of…
Yesway Appoints Thomas W. Brown to Chief Real Estate Officer
Thomas W. Brown has been named the chief real estate officer of Yesway, which was founded by Brookwood Financial Partners LLC in 2015. “Over the course of his long-standing tenure at Brookwood, Tom has made outstanding contributions to the firm as an esteemed member of our senior management team. He is extremely well respected by…
Love’s Opens Three New Locations
Love’s Travel Stops has announced the opening of three new stores in Jacksonville, Fla., New Boston, Texas, and Lafayette, Ind. The new locations have added a total of 270 new jobs across the country, in addition to 358 truck parking spaces. The company is also serving customers once again at its Gary, Ind., location that…
Mountain Express Oil Files for Bankruptcy Protection
Mountain Express Oil Co. announced that the company filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas. The company intends to use the Chapter 11 process to achieve a comprehensive restructuring that will strengthen its fuel distribution business, dealer network and…