E-Z Mart has reached an agreement to sell its 273 convenience stores to GPM Investments LLC, according to Convenience Store News.
Texarkana based E-Z Mart has 273 stores in Texas, Oklahoma, Louisiana and Arkansas.
In 1970 Jim Yates launched his first store in Nashville, Arkansas. From those humble beginnings, through Yates’s vision and through the hard work and dedication of generations of the E-Z Mart family of associates, employees and administration, E-Z Mart has become one of the leading, privately-owned convenience store chains in the U.S.
“The significant investment in our store portfolio over the last decade has changed both our look and profitability while also advancing the quality of service we provide our customers. Endeavoring to escalate that rate of improvement and ensuring growth opportunities for our brand and team, we are excited that the combining of the E-Z Mart brand with GPM will exponentially accelerate that growth and preserve Jim Yates’ legacy,” said E-Z Mart’s CEO Sonja Yates Hubbard in a statement.
GPM Investments, based in Richmond, VA, operates or supplies stores in Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Missouri, Nebraska, New Jersey, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee and Virginia.
The acquisition is expected to close in the second quarter of 2018.