MAPCO Express network sale to two buyers goes through
Published on: Nov 2, 2023
Alimentation Couche-Tard and Majors Management have acquired the 304 locations in two separate deals.
Alimentation Couche-Tard and Majors Management have completed the acquisition of the MAPCO Express network in the U.S. from from Compañía de Petróleos de Chile S.A. (COPEC).
The transaction from Couche-Tard transaction includes 112 company-operated fuel and convenience retail sites as well as surplus property and a logistics fleet.
"As we continue to grow our presence across the Southern U.S., we are excited to bring the Circle K experience to new customers in Georgia, Tennessee, Alabama and Kentucky,” said Alex Miller, Couche-Tard's Chief Operating Officer.
Majors Management will add 192 MAPCO-branded convenience stores in six states in addition to the wholesale fuel division, loyalty program, brand and other intellectual property.
"The acquisition of MAPCO aligns perfectly with our long-term growth and expansion plans. We are committed to growing the MAPCO brand and loyalty program and keeping Mapco's highest standards of service and quality to customers," said Ben Smith, President of Majors.
MAPCO, based in Franklin, Tennessee, had a total of 304 locations in Tennessee, Alabama, Georgia, Arkansas, Kentucky and Mississippi. It was a subsidiary of Santiago, Chile-based COPEC, which acquired it in 2016.
