Fuel and convenience-store retailer H&S Energy acquired a privately held 20-station portfolio, expanding its network in Southern California.
The newly acquired locations have also expanded H&S’s c-store network with the addition of 10 Extra Mile c-stores and 10 food marts that will be rebranded to H&S Energy’s proprietary c-store brand, pm Power Market.
These newly acquired locations not only broaden H&S Energy’s foothold in San Diego, Orange and Los Angeles counties, but they also expand the company’s network into several Central Coast regions.
This growth will help improve the company’s current locations through synergies created to allow for better efficiencies in operational and marketing goals.
This acquisition of the portfolio has also further expanded H&S Energy’s fuel partnership relationships as the deal included one Shell fuel-branded location, which will be operated by H&S Energy’s affiliate, Hassan & Sons.
“This industry is built on relationships, and as a longtime friend of the principals involved in this privately held portfolio, we are grateful and honored for the opportunity to have their locations become part of the H&S Energy family network,” said Sal Hassan, president and CEO of H&S Energy
In less than a year, H&S Energy has grown its network by more than 40% and plans to keep growing, it said. Two years ago, Hassan expressed a goal to double the company’s network size within the next five years. With this latest acquisition, H&S Energy is substantially on its way to meeting that goal.
H&S was founded in 1996 under the leadership and direction of Sal Hassan, who was later joined by his brother Victor Hassan. The company built its first station in Cypress, Calif., and since then has built and acquired stations with various fuel and c-store partnerships.
The company also operates a network of drive-thru car washes, full-service detail centers and service stations.