ARCO completes US acquisition of WTG Fuels

Arko Corp. has completed the acquisition of the retail and fleet fueling assets of WTG Fuels Holdings LLC, the owner of Uncle’s Convenience Stores and Gascard fleet fueling operations.

This transaction marks the 24th acquisition for Arko since 2013, the company said, and the second completed acquisition in the first six months of 2023.

Founded in 1976, WTG consists of 24 company-operated Uncle’s locations in Texas, as well as 68 proprietary Gascard-branded fleet fueling cardlock sites and 43 private cardlock sites.

The acquisition also includes nine independent dealer locations and three land parcels.

The total purchase price for the WTG acquisition was approximately $140.2 million plus the value of inventory at closing.