Pilot Flying J creates new partnership with Maxum Petroleum to expand its business. Pilot Flying J, Metalmark Capital, Waud Capital Partners and Maxum Petroleum announced Pilot Flying J plans to acquire a controlling interest in Maxum for cash and Pilot Flying J’s contribution of Western Petroleum into Maxum. Maxum is one of the largest independent…
Getty Realty Selling 66 Properties
The majority of the sites are located on high-traffic corners in mature neighborhoods and in small towns. Getty Realty Corp. is divesting 66 commercial and retail properties. The 66 properties are located in a variety of urban and suburban markets in six Northeastern and Mid-Atlantic states, including 11 properties in New York, 21 in New…
Parker’s Features Video Technology At Its Pumps
Parker’s rolls out video technology at its gas pumps this year. Parker’s, a recognized leader in convenience store sales across southeast Georgia and South Carolina, is the first area company to integrate video technology at the gas pump. Parker’s currently offers high-tech gas pumps with 10-inch television screens at the company’s Pooler, Ga., location and…
Agree Realty Acquires Three Wawa Stores
Agree Realty “pleased” to make Wawa acquisition. Agree Realty Corp. announced that it acquired a portfolio of three Wawa c-stores and fuel stores that are master leased by Wawa for $14,200,000. The cost of the portfolio acquisition includes the assumption of $8,580,000 of non-recourse mortgage debt, which will mature in June 2016, carrying a 6.56%…
The Pantry Announces Tender Offer
The Pantry Inc. announced the commencement of a cash tender offer for any and all of its outstanding 7.75% Senior Subordinated Notes due 2014. In conjunction with the tender offer, The Pantry is soliciting consents from holders of the notes to effect certain proposed amendments to the indenture governing the notes. The tender offer and…
Mark VII Awarded Circle K Car Wash Contract
Last year Mark VII expanded its relationship with Circle K to include three additional regions and now it is adding three more for a grand total of seven regions. Mark VII Equipment Inc., the North America subsidiary of WashTec AG of Germany, and producer of vehicle washing equipment worldwide, has been awarded a two-year contract…
EZ Energy Sells U.S. Stations
Sale expected to close Sept. 15. Israel-based EZ Energy Ltd. is selling its U.S. gas station and c-store operations for $64 million to a foreign operator, whose name has yet to be disclosed, Globes reported. The proceeds derived from the sale are expected to cover all the company’s debt to Israeli bondholders and the loans…
Retail Gasoline Prices Reverse Higher after Three-month Slide
Brian L. Milne Refined Fuels Editor, Telvent DTN After 13 consecutive weeks moving lower, retail gasoline prices snapped the decline, gaining during the first full week of July. Moreover, retail gasoline prices are in position to again increase, while the July 2nd six-month low in the Energy Information Administration’s (EIA) U.S. average might hold for…
BP Features Futuristic Fuel Dispensers At London 2012 Games
New Wayne Helix fuel dispensers are on display in London at the 2012 Olympic and Paralympic Games. BP plans to showcase the new Wayne Helix fuel dispenser at the “Fueling the Future” showcase in London during the 2012 Olympic and Paralympic Games. BP challenged Wayne, a global innovator of fuel dispensers, to design and build…
Susser Releases Pricing For Wellspring’s Secondary Offering Of Common Stock
Susser prices approximately 5 million shares of its common stock. Susser Holdings Corp. announced it has priced a public secondary offering by affiliates of Wellspring Capital Management of 5 million shares of Susser common stock at a price of $36 per share. Wellspring has granted the underwriters a 30-day option to purchase an additional 750,000…