Dive Brief:
- Convenience store retailer and fuel distributor Majors Management has acquired all c-store and fuel assets from Battle Creek, Michigan-based Davis Oil Company, according to a recent announcement.
- The move includes all of Davis’s 21 c-stores, which are scattered across Michigan, making Majors one of many c-store retailers in recent months to announce its expansion into the Great Lakes State.
- This continues a busy past few months for Majors on the acquisition front, as the company has now acquired more than 50 c-stores across five U.S. states since November 2022.
Dive Insight:
With store-count growth continuing to be a focus for c-store retailers, Majors has been one of the more active players on the M&A front. The retailer made five acquisitions in 2022 and, with its latest, has completed 18 deals in the past three years, Ben Smith, president of Majors, said in the announcement.
The 21 Michigan-area c-stores included in the acquisition are located in Battle Creek, Galesburg, Colon, Nashville, Springport, Portage, Portland, Grand Rapids, Belding and Rockford. Majors has also acquired Davis’s supply of fuels to 11 commission marketers, and all current Davis employees will transition to Majors, according to the announcement.
By moving into Michigan, Majors now operates in 19 U.S. states.
"It is our privilege to serve the residents of Western Michigan for all their retail fueling and convenience needs, and to continue to enhance Majors' reputation as a first-class transaction partner,” Smith said in the announcement.
The Great Lakes State has become a popular destination for c-stores. Since September 2022, Sheetz, Kum & Go, Kwik Trip and Royal Farms have all announced expansion plans into Michigan.
Lawrenceville, Georgia-based Majors and its affiliates supply fuel to over 1,300 c-stores in the U.S. The company partners with fuel brands such as BP, Shell, Chevron, Exxon, Marathon, Citgo, Mobil, Texaco, Valero, Phillips, Sunoco, 76, and Alon.
