Arabic Chinese (Simplified) Dutch English French German Italian Portuguese Russian Spanish

News | 1 min read

Henrico-based owner of Fas Mart to expand footprint via acquisition

January 2, 2020

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.

Read the full story here.