MERGERS & ACQUISITIONS / CONVENIENCE STORE M&A |
"Consolidation of the convenience store industry is not slowing down anytime soon."Terry Monroe President, American Business Brokers & Advisors |
Legal counsel can be more effective and economical in guiding a client through a merger or acquisition when they bring industry-specific knowledge and experience to the table.
Many of the largest operators listed in the 2023 Convenience Store News Top 100 trust us for practical, informed legal advice in a wide range of practice areas, including both stock and asset purchases and sales of all sizes. To date, our attorneys have represented mid-stream and down-stream convenience store and fuel supply clients in transactions involving more than 1,000 convenience store properties.
Our lawyers have deep understanding of convenience store and fuel supply business operations, from both the seller side and the buyer side. They understand how product gets from the terminal to the bulk plant to the pump, and the roles and relationships between suppliers, haulers, jobbers, sub-jobbers, dealers, operators, and the myriad other players who may be involved in a merger or acquisition in the convenience store/fuel supply sector.
For our clients, Dinsmore’s in-depth understanding of the convenience store/fuel supply industry translates into a host of benefits. First, when conducting due diligence, we are familiar with industry-specific documentation such as fuel supply agreements, dealer contracts, incentive documentation, jobber and sub-jobber agreements, consignment contracts, fuel-hauling agreements, and the like. This means that we know in advance what we need to identify, which improves efficiency and enhances the effectiveness of our review.
Our lawyers are also familiar with the complications and points of contention that most often arise in convenience store/fuel supply mergers and acquisitions, which better positions them to identify areas of legal exposure and suggest mutually acceptable methods of risk allocation in a timely manner. Further, having been involved in a wide range of transaction types over the years, Dinsmore lawyers are particularly adept at helping the parties fashion creative, balanced, and practical deal structures.
Representative Transactions
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Majors Management, LLC relied on Dinsmore as its lead counsel in a sophisticated, multi-buyer equity transaction in which Majors acquired, among other assets, ownership of 192 MAPCO-branded convenience store sites in six states. The sale, which closed November 1, 2023, included a broad corporate reorganization and the negotiation and consummation of several credit facilities with Majors’ lenders. |
In addition, Dinsmore has, since 2019, represented Majors in more than 20 asset acquisitions involving approximately 500 conveniences stores, bulk plants, and other properties, together with a wide range of contractual rights and other tangible and intangible assets, across 20 states. |
