Cayce, South Carolina – Pops Mart Fuel, LLC a chain of 54 convenience stores located in North Carolina, South Carolina and Wisconsin has completed the sale of 36 of their convenience stores to Sunoco LP one of the largest independent fuel distributors in the U.S., providing motor fuel to convenience stores, independent dealers, commercial customers and distributors in more than 33 states.
Pops Mart Fuel’s CEO Don Draughon stated that Pops Mart LLC had considered acquiring more dealer sites and continuing to grow their foot print when they were approached by Sunoco LP. The synergies between the two companies was one of the compelling factors to consider the sale of the convenience stores to Sunoco LP.
American Business Brokers & Advisors, Ft Myers Beach, FL provided merger and acquisition advisory services to Pops Mart Fuel LLC which included valuation advisory, marketing the business through a confidential process, and negotiation of the transaction. The transaction was managed by Terry Monroe, President.
Financial details of the transaction were not disclosed.
