TEXARKANA, TX - E-Z Mart has reached a deal to sell it stores to GPM Investments LLC.
E-Z Mart, based in Texarkana, Texas, has over 200 stores in Texas, Arkansas, Oklahoma and Louisiana.
“In 1970 E-Z Mart began as the dream of our founders, Jim and FaEllen Yates with the first store in Nashville, Arkansas. From those humble beginnings and with a lot of hard work and dedication by generations of E-Z Mart family of associates, our company has become one of the leading, privately-owned convenience store chains in the U.S. and is currently ranked as the 31st largest company,” said E-Z Mart’s CEO, Sonja Yates Hubbard. “The significant investment in our store portfolio of the last decade has changed both our look, profitability and advanced the quality of service we provide our customers. Endeavoring to escalate that rate of improvement, ensuring growth opportunities for our brand and team, we are now excited that this combination of the E-Z Mart brand with GPM will exponentially accelerate that growth, benefiting everyone involved. Upon closing, E-Z Mart will leap from the 31st largest chain in the U.S., to being a part of the 6th largest chain, securing a bright future for our stores, team and Jim Yates’ legacy. ”
The deal is expected to close in the second quarter of 2018.
The financial terms of the deal were not disclosed.
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