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

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