Canadian convenience chain Couche-Tard has acquired 29 forecourt locations in Florida from Florida Oil Holdings.

The acquisition was made through Couche-Tard’s wholly-owned subsidiary Circle K Stores for an undisclosed sum. It is expected to close by the end of the month.

The company plans to convert the Orlando sites to the Circle K banner and the move would bring the group’s total store count in Florida to 406 locations. 

The deal will be funded through cash on hand and available credit facilities, the company said in an announcement today (14 August). 

“This is a great opportunity for the Florida division to strengthen our market share in the Orlando market. The assets are very high quality and are great locations,” David Morgan, vice-president operations for Couche-Tard’s operations in Florida, said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.