VERC Enterprises, the family-owned Duxbury, Mass.-based convenience store chain, announced the sale of its 32 convenience stores to multiple buyers in the industry.
Leo Vercollone, CEO of VERC Enterprises, said that the buyers of the VERC sites include Energy North Group, Global LLP, and one unspecified buyer. Not included in the sale are two Briteway Car Wash locations, one in Marshfield and one in Norwell, which will remain under the ownership of the Vercollone family.
Paul Vercollone, current co-owner and Vice President of VERC Enterprises, will continue to operate these locations with his sons Nick and Chris. VERC Enterprises was first established in 1977 by Eugene Vercollone, father of present owners Leo and Paul Vercollone.
The company began as a single car wash in Marshfield, MA and grew to become a major independent operator of convenience stores/gasoline stations throughout Massachusetts and New Hampshire. All of the company’s stores have operated under the VERC brand name and sold gasoline under leading fuel brands including Gulf, Mobil, Irving and Shell.
“While the decision to sell was a difficult one, we know that the stores will be operated by organizations that share the same values, purpose and commitment to service,” Leo Vercollone said. “We sincerely thank all of our wonderful customers we have had the pleasure of serving throughout our years in business.
And we extend our deepest thanks and appreciation to our associates who have been the engine and backbone of our company. We are so very thankful for their hard work and dedication.”