The fuel and convenience store chain Maverik has completed its acquisition of C-store chain, Kum & Go, as well as fuel carrier Solar Transport, according to an Aug. 29 news release.
Krause Group sold the C-store and transport businesses to Maverik — Adventure’s First Stop and its parent company, FJ Management.
The deal, announced in April, includes Kum & Go’s 400 locations across the central U.S. and Midwest, allowing Maverik to create a network of over 800 locations from the Midwest to the Rocky Mountain region, the Iowa-based fuel stop company said in a statement.
Terms of the acquisition were not disclosed.
Solar Transport was founded in 1964, and the tanker specialist grew through acquisition over the years. Today, the company generates nearly $45 million in annual revenues and operates a fleet of over 110 trucks with 20-plus terminals.
“We look forward to using our combined resources to grow our business and further elevate our product offerings to provide the best service to our customers,” Maverik CEO Chuck Maggelet said in a statement.
