Couche-Tard inks deal to acquire 112 MAPCO gas stations and convenience stores in the U.S.

Deal includes sites mostly in Tennessee and Alabama, but also in Kentucky and Georgia. 
Michelle Warren smiles
Mapco exterior shot

LAVAL, Que. - Alimentation Couche-Tard Inc. has signed a deal to buy 112 gas station and convenience store sites in the United States from MAPCO Express Inc.

Financial terms of the agreement were not immediately available.

Franklin-based MAPCO operates more than 300 c-stores across Tennessee, Alabama, Georgia, Arkansas, Kentucky and Mississippi. It is a subsidiary of Santiago, Chile-based COPEC, a leading retail company.

The deal is contingent on a separate transaction that will see MAPCO and its other locations acquired by Majors Management LLC, which in is also busy acquiring c-store chains across the U.S.

Couche-Tard says the sites it is buying are mostly in Tennessee and Alabama, but also in Kentucky and Georgia. The locations are company-operated, as it most of the real estate. In addition, the transaction includes surplus property and a logistics fleet.

"We are delighted to add MAPCO's high-quality sites to our footprint in the Southeastern U.S.," said Alex Miller, Couche-Tard's chief operating officer. "As we continue to grow our presence in the region, we look forward to bringing the Circle K experience to new customers and making their lives a little easier every day." 

Pending standard approvals, the transaction is expected to close the second half of 2023

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