Wellsboro, PA (December 1, 2020) - Acorn Markets, Inc and Putnam Co., (the “Company”) has announced the successful sale of its convenience retailing and ExxonMobil branded fuel distribution business assets to United Refining Company of Pennsylvania and its affiliates. Prior to the beginning of the COVID-19 pandemic, the Company requested Corner Capital’s valuation and strategic advisory services to assist the Company in scenario planning. Despite the pandemic, the Company elected to market its 80-year-old business in a structured sale M&A process.
College Station, Texas (December 1, 2020) - H&M Wholesale, Inc. (the “Company” or “H&M”) has announced the successful sale of its convenience retail, ChevronTexaco and Shell branded fuel distribution, and commercial business assets to Classic Star Group, LP (“Classic Star”) of Fort Worth, Texas and its affiliates. In 2019 H&M retained Corner Capital’s valuation and strategy services to develop strategic options for its shareholders. After analysis and consideration, the Company elected to pursue a structured sale process for its business assets.
Grants Pass, OR (December 27, 2019) – Colvin Oil I, LLC dba GP Energy (the “Company”) has announced the successful sale of its commercial fuels and lubricants business segment to Tyree Oil, Inc. (“Tyree”) The Company divested these assets to further align its focus on its retained convenience retailing, branded fuel distribution, and transportation businesses. Corner Capital provided valuation and structured sale services to Colvin Oil I, LLC in support of the Company’s strategy.
Chesapeake, VA (Nov. 20, 2019) – Sumitomo Machinery Corp. of America (SMA), one of the nation’s leading industrial gearbox manufacturers, is pleased to announce the acquisition of LUFTEX GEARS, Manufacturing & Services, headquartered in Lufkin, Texas. This represents the first domestic acquisition for Sumitomo Machinery Corp. of America since its creation in 1966.
There’s been a lot of press coverage lately about “modern” convenience stores. The verdict seems to be that convenience stores of the future are very individual focused, offer healthy options, and embrace technology. Those are all great attributes, but how do convenience store chains need to change their marketing to communicate their evolving value to customers?
It seems that every week there is new news about the rise or fall of diesel demand. As far as U.S. demand goes, diesel is not as popular as it is in other countries. A very small percentage of light duty vehicles (LDVs) use diesel compared to countries where diesel is more popular; however, diesel engines are on the rise in the U.S.
Johnson Oil Company (“JOC”) is pleased to announce that F.S. Holdings, Inc., parent company of Texas Enterprises, Inc., has acquired its commercial fuel, transport and branded lubricants businesses.