updated: 3/3/2008 1:35:06 PM
Indianapolis-based Village Pantry has purchased nine stores in central Ohio. The AmeriStop Markets will be re-branded under the Village Pantry name. Village Pantry operates roughly 180 convenience stores throughout Indiana, Michigan and Ohio.
Source: Inside INdiana Business
INDIANAPOLIS--(BUSINESS WIRE)--Village Pantry, Inc. (“Village Pantry”) today announced that it has acquired nine convenience stores in central Ohio, northwest of Columbus, from Petro Acquisitions, Inc. The stores, formerly company-owned and -operated stores of AmeriStop Market (“AmeriStop”), will be re-branded under the Village Pantry banner. Each store averages 2,700 square feet and like most traditional convenience stores offers quick snack items, lottery tickets, money orders, pre-paid cellular, and gift cards and sells branded fuel. Terms of the acquisition were not disclosed.
Village Pantry, an affiliate of Sun Capital Partners, Inc. (“Sun Capital”), operates 179 convenience stores throughout Indiana, Michigan, and Ohio, providing fuel services at 130 locations. Each store offers a broad selection of grocery, delicatessen, and bakery items as well as other value-added services. In October 2007, Village Pantry acquired Imperial Company, Inc., the operator of 33 Next Door Store convenience stores in Michigan and northern Indiana.
Mick Parker, President and CEO, Village Pantry, Inc., said, “We are delighted to add this important Ohio market to our growing Midwest footprint. We expect to take advantage of the economies of scale offered by this transaction and be better positioned to enhance the value proposition for our loyal customers as we continue to introduce new merchandising concepts.”
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 185 companies worldwide with combined sales in excess of $35.0 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Tokyo, and Shenzhen. For more information, please visit www.SunCapPart.com.