GPM Investments LLC has signed an agreement with Riiser Fuels LLC to acquire 63 convenience stores with fuel in Wisconsin.
This acquisition will further develop GPM’s existing portfolio of stores in the Midwest, and the companies expect the deal to close in the fourth quarter of this year. “Riiser prides itself in providing the ultimate buying experience to customers by providing quality products and services. The transition to GPM will only enhance those offerings,” said Don Draughon, president of Riiser Fuels,
“We enjoy serving all of our current customers and are thrilled to begin serving new customers in the great state of Wisconsin,” said GPM President and CEO Arie Kotler. “We look forward to our expansion as we make these stores, sales associates and customers a new part of the GPM family.”
Riiser Fuels grew rapidly through a series of acquisitions. In July 2018, it acquired Mad Max in southeast Wisconsin, adding 10 new locations in Sheboygan, West Bend, Port Washington and Fond du Lac. In August 2018, it purchased six sites from Marshall’s Convenience Stores Inc. in Elkhart Lake, Cascade, Glenbeulah, Kewaskum and Plymouth in southeast Wisconsin.
In May 2019, Riiser Fuels purchased four locations in the Oshkosh, Wis., area from Blue Moose Convenience Stores. And in August 2019, it acquired Jetz Convenience Centers' four c-stores. Two are in Milwaukee, with the others are in Hales Corners and Muskego, Wis. Riiser Fuels' R-Store locations are branded BP, Amoco, Mobil, Cenex, CITGO or Clark.