East Coast convenience retailer Pops Mart Fuels has sold its c-store and wholesale businesses to multiple buyers, Terry Monroe, president and founder of American Business Brokers & Advisors, which coordinated the deal, confirmed to C-Store Dive.
Sunoco LP purchased 36 of Pops Mart’s 54 convenience stores in addition to its wholesale distribution business, according to American Business Brokers & Advisors’ website.
Meanwhile, according to the website, Petroleum Marketing Group acquired seven of Pops Mart’s c-stores, and details on who acquired the other 11 stores were not immediately available. Financial details were not disclosed.
The deal marks yet another example of a regional convenience retailer exiting the industry as smaller operators struggle to stay afloat in a difficult operating environment.
Original story Pops Mart sells all 54 c-stores, wholesale business | C-Store Dive
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