Henrico County-based GPM Investments LLC, the parent company of the Fas Mart convenience store chain, has signed a deal to acquire the wholesale fuel distribution operations and retail locations of a Texas-based company.
GPM said Wednesday that it has signed an agreement to acquire substantially all of the assets of Dallas-based Empire Petroleum Partners LLC.
The agreement, which GPM called a “transformational transaction,” will expand the company’s footprint.
The combined entity will distribute fuel to 2,800-plus locations in 33 states and Washington, D.C. Empire currently supplies 1,400-plus gas stations and convenience stores.
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