ALLENTOWN, Pa. — CrossAmerica Partners LP has entered into a definitive agreement to acquire the chain of One Stop convenience stores based in Charleston, West Virginia, according to CSPnet.com.
"We are delighted to acquire the One Stop portfolio,” said CrossAmerica CEO Joe Topper in the article. "Michael Graney, president of One Stop, has built a regional powerhouse organization with a strong basis for future growth. This acquisition further solidifies CrossAmerica’s commitment to West Virginia and Virginia."
The transaction, reported the article, includes one freestanding and franchised quick-service restaurant (QSR), four commission agent sites, nine dealer fuel-supply agreements and 41 One Stop locations.
Five of the company-operated One Stop locations feature quick-service restaurants, the article continued, and 30 of the company-operated and commission agent sites are “owned fee simple locations.”
"We are excited to join the CrossAmerica team and look forward to a bright future for our valued and loyal employees and customers and the communities we serve," stated One Stop President Michel Graney in the article.
You can find the article here.
