Retail | Wholesale | Food | Beverage 2023: ARIE KOTLER
In June, Arko, the nation’s sixth largest convenience store chain, with more than 1,500 company-operated stores in 30 states, made the Fortune 500 list for the second time, ranked at No. 460, 38 places higher than its 2022 debut. The parent company of Henrico-based GPM Investments, Arko brought in $72 million in net income in […]
Arko closes Uncle’s convenience stores deal
Arko Corp., a Fortune 500 holding company for Henrico County-based convenience store chain GPM Investments LLC, has closed on its acquisition of Texas-based WTG Fuels Holdings LLC, the owner of Uncle’s convenience stores and Gascard fleet fueling operations. It’s Arko‘s 24th acquisition since 2013. The deal was first announced in December 2022. “The WTG acquisition […]
Arko closes Pride convenience stores deal
Arko Corp., a Fortune 500 holding company for Henrico County-based convenience store chain GPM Investments LLC, has closed on its acquisition of Pride Convenience Holdings LLC, which operates 30 Pride convenience stores in Massachusetts and one in Connecticut. The deal was first announced in October. The $230 million acquisition, plus the value of inventory, brings […]