Canadian convenience store operator Alimentation Couche-Tard has announced that it has closed its previously announced acquisition of Circle K from ConocoPhillips for a total consideration of US$803.8m, including approximately $7.9m of assumed debt.

With the completion of the deal Couche-Tard becomes the fourth-largest convenience store operator in North America with a combined network of 4,672 stores. 

Circle K operates 1,663 corporate stores located in 16 states, mostly in the southern US, and has a franchising or licensing relationship with more than 616 additional stores.