IN THE NEWS
"Shareholders and Industry React to Speedway Decision" "This was a predictable outcome regarding MPC’s decision not to spin off Speedway,” according to Petroleum Equity Group. PEG's CEO told CSP Daily News that, “It's the right decision, but they had to explore all options in response to shareholder activists.”
"National Cover Story Exclusive - Top 10 Chains Tower Above in 2017 CSNews Top 100" Commentary provided by Ken Shriber of PEG on the continuing consolidation of the biggest c-store chains.
"What's to Come for CST Under Couche-Tard?" "They are buying sites with c-stores so they can immediately re-identify and rebrand (to Circle-K) to expand their footprint in Texas. It also gets them into California and a few other states where their presence is not as heavy," PEG told Convenience Store News.
"Who Could Buy Speedway?" ------ Spin-off, off?The battle for Speedway "would likely be a cage fight between 7-Eleven and Circle K," Ken Shriber, Managing Director of Petroleum Equity Group, told CSP Daily News.
"Is 7-Eleven In or Out on a CST Acquisition?"
Petroleum Equity Group, Chappaqua, N.Y., told CSP Daily News, “It is not surprising that CST has followed a dual path of courting potential buyers while their ...
"How Pipeline Perks Sweeten Industry M&A"
Ken Shriber, managing director and CEO of Petroleum Equity Group, told CSP Daily News that any company with significant access and history on the pipeline is in a prime competitive position.
"Forecasting CST Brands’ Future"
CST’s independent committee will review the company’s operational cost structure and how it’s leveraging its fuel buying and selling, said Ken Shriber, managing director of Petroleum Equity Group.
"Can CST Brands Assuage Opposition?"
Ken Shriber, managing director of NY-based Petroleum Equity Group said, “They’ve done a very nice job transitioning the company to a new public entity, their forecourts are updated, and the Corner Store...
"California Gas Station, C-Store Reborn"
“This was an incredibly complex transaction, and we were so thankful to have the commitment of partners like Coastline and Getty Realty," said Ken Shriber, CEO of Petroleum Equity Group.
"Casey’s Evaluating Small And Large Buys"
Kenneth Shriber, managing director of M&A advisory firm Petroleum Equity Group, said Casey’s may be seen as an even more attractive target today, after the USD 1.8bn sale of Susser Petroleum to Sunoco owner Energy...
"Mohawk Oil Sells Stations, Exits Business"
Ken Shriber of Petroleum Equity Group, Chappaqua, N.Y., served as exclusive advisor to Mohawk Oil.
"Mohawk Oil Company Acquired By Gill Energy"
Gill Energy, headquartered in Matawan, NJ, has acquired 87-year-old Mohawk Oil Company, based in Chester, NJ. Petroleum Equity Group, served as exclusive advisor to Mohawk.
"Gill Energy Acquires Mohawk Oil"
Petroleum Equity Group served as exclusive advisor to Mohawk Oil. “We are extremely pleased with the range of services and depth of industry expertise provided by Ken Shriber of Petroleum Equity Group in helping us...
"Empire Petroleum Partners Forming MLP"
"These small MLP's that come onto the market represent a significant movement towards the continued consolidation in the industry, and in the future, some of the MLP's might merge, or sell as well. That's a realistic option down the...
- PEG is engaged to analyze and assist in the sale of a 110k barrel liquid fuels terminal located in the Northeast. The terminal is a strategic asset as it has both pipeline and rail access, and can store the full array of products including gasoline, ULSD, HO and lubricants.
- Northern New Jersey new to industry (NTI) gas location comes on stream following a May 2017 grand opening ceremony. PEG sourced this urban location for use as a high volume retail gas site with a large format convenience store, and advised on its redevelopment.
- Engaged by a New York-based retail fuel and large-format convenience store chain to value assets and position the company for sale
- For a high-value gas station property in New York City, PEG is advising the ownership on its redevelopment for a higher and better use
- Sourced New Jersey site for acquisition and redevelopment by a New York-based distributor, and coordinated financing structure
- Retained by an investment firm to assist with due diligence in support of a debt placement for a Colorado-based fuels distributor with a chain of 43 retail gas/convenience stores
- Sale advisory team lead for a New Jersey based retail/wholesale jobber with 12 retail sites plus trucking and wholesale businesses
- Identified high volume No. New Jersey, new to industry (NTI) site for gas and large format convenience store. Sourced tenant-operator to develop with the landowner under a long term lease arrangement.
- Sourced retail/wholesale Gulf jobber for sale and led analytics and advisory team for a New England-based company
- Advisory team lead for successful sale of a Sunoco branded distributorship with 5 retail sites & wholesale supply in No. New Jersey
- Sourced and completed transactions to acquire 10 Hess branded locations in New Jersey, Pennsylvania and Florida with two distributor buyers
- Appointed to lead the advisory team for acquisition of a large, branded travel center in So. California with sale leaseback financing