Barnwell, SC – American Business Brokers & Advisors (“ABBA”), a leading boutique mergers and acquisition firm announces that Pops Mart Fuels, LLC (“Pops Mart”) has acquired Anderson Oil’s Convenience Stores (“Anderson Oil”), a chain of 14 convenience stores, with one under construction, and seven wholesale fuel dealer locations. The business headquarters and staff were maintained in Barnwell, South Carolina as part of the transaction.
Pops Mart Fuels, LLC is a Columbia, South Carolina based convenience store chain operating 24 locations branded Shell and 76. These stores are located, in and around the Columbia, Newberry, and Winnsboro, South Carolina markets. Pops Mart’s CEO, Don Draughon, stated; “the acquisition of Anderson Oil was a perfect fit geographically as their stores go from Columbia to the South and Pops Mart stretches from Columbia to the North. As part of the acquisition, Pops Mart not only added more Shell locations but added the Exxon and BP brands to its fuel offerings. Pops Mart with a total of 39 operating convenience stores plans to continue its growth through acquisitions.”
Anderson Oil Company, Inc. was an outgrowth of a small town local general merchandise store operated for many years on the Main Street of Williston, SC which was started in 1897. In 1915 Anderson Mercantile Store was selling bulk kerosene and gasoline purchased from Esso in Charleston. In 1930 Anderson acquired the right to sell Shell Oil products and in 1941 became a Texaco fuel supplier. The company continued to grow the wholesale fuel business and filling station business through the 1960’s and into the 1980’s when in 1981 Terrill Tuten was hired to manage the gas station side of the business and ultimately becoming a partner with Anderson Oil in 1989. In October of 2004 Terrill Tuten became the owner of Anderson Oil and began the growth of the company to its present operation of 14 company operated stores, multiple dealers and wholesale fuel business.
Terrill said the experience of beginning his career with Anderson Oil as a manager and ultimately becoming the owner of such a prestigious oil company with deep roots in South Carolina was like a dream come true. The countless friends and acquaintances of so many people over the years has been a journey that only one could dream about. Going forward he said he plans to spend more time fishing and enjoying the company of his wife and grandkids.
Terry Monroe, President of American Business Brokers & Advisors provided merger and acquisition advisory services to Pops Mart, LLC and Anderson Oil, which included advisory on valuation, negotiations and transactional closing.
