Popular convenience store chain dissapearing after sale

In the convenience store space, size seems to matter.

"With expenses rising and labour continuing to beryllium a regular struggle, galore c-store retailers are choosing 1 of 2 directions: instrumentality a accidental to turn the concern done an acquisition oregon merchantability the institution and marque a cleanable exit. Industry experts person said that they don’t foresee this years-long inclination slowing down successful 2026," C-Store Dive reported.

In 2025, Maverik completed its rebranding of Kum & Go locations aft acquiring the concatenation successful 2023, reflecting the broader consolidation inclination successful the c-store industry.

That inclination has continued successful 2026 with Pops Mart, a 54-store chain, selling itself to 3 abstracted buyers.

Pops Mart Fuel has sold its 54 convenience stores to 3 abstracted buyers.

"Sunoco LP purchased 36 of Pops Mart’s 54 convenience stores successful summation to its wholesale organisation business, according to American Business Brokers & Advisors’ website. Meanwhile, according to the website, Petroleum Marketing Group acquired 7 of Pops Mart’s c-stores, and details connected who acquired the different 11 stores were not instantly available," C-Store Dive reported.

Financial details were not disclosed.

American Business Brokers and Advisors, the Fort Myers Beach, Florida-based steadfast that provided merger and acquisition advisory services to Pops Mart Fuel, shared connected Jan. 19 that the merchantability was completed.

The convenience store concatenation "formed its ain LLC successful 2021 aft erstwhile genitor institution Winnsboro Petroleum sold its past 2 twelve locations to retail substance investors Don Draughon and JD Dykstra," according to C-Store Dive. The institution besides made respective small-scale deals arsenic it grew its web to 54 stores.

Pops Mart had been moving connected maturation plans erstwhile it was approached to sell.

"The institution had been considering further dealer-site acquisitions to support expanding erstwhile it was approached by Sunoco. The strategical and operational synergies betwixt the 2 firms yet led to the determination to merchantability the full business," American Business Brokers & Advisors President Terry Monroe told Mass Market Retailers.

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The acquiring companies person not announced erstwhile they volition person the Pops Mart stores into their brand.

"Pops Mart’s exit reflects a broader inclination of consolidation successful the convenience-store industry, arsenic smaller determination operators support selling assets amid a pugnacious operating situation characterized by stagnant in-store transaction maturation and rising competitory pressure," wrote Thorvardur de Shong for Mass Market Retailers.