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Alta Convenience company logo
Corporation
RETAIL (NON-INTERNET/MOBILE) | Convenience Stores
altaconvenience.com

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Stage

Acq - Fin | Alive

About Alta Convenience

Alta Convenience operates 117 convenience stores through multiple states including Nebraska, Colorado, Kansas and New Mexico.

Alta Convenience Headquarter Location

4643 S. Ulster St. #350

Denver, Colorado, 80237,

United States

303-693-9331

Latest Alta Convenience News

Western Oil in No. Alta Convenience Acquires Western Oil’s Petro-Mart C-Stores

Dec 16, 2021

Pilot Co. Acquires SC Fuels Southwest Convenience Acquires Quik Mart Parkland, Federated Co-operatives Split Up 337 Husky Stations EG Group, Asda Mulling Merger? Company picks up 46 retail locations in St. Louis market By Greg Lindenberg on Dec. 15, 2021 DENVER — Alta Convenience, a joint venture between funds managed by affiliates of Fortress Investment Group LLC and a subsidiary of Phillips 66 Co., has acquired Western Oil’s 46 Petro-Mart convenience stores and 39 wholesale dealers. Alta is No. 61 on CSP’s 2021 Top 202 ranking of U.S. c-store chains by number of retail outlets. 143 . Western Oil, founded by George Eble Jr. more than 30 years ago, is a leading petroleum marketer and c-store retailer in the greater St. Louis region in Missouri and Illinois. “It’s rare to have an opportunity to acquire a portfolio of stores that have both quality locations as well as being operationally sound. It was a pleasure getting to know and work with George, Grant and Vickie Eble on this transaction,” said Rich Spresser, president of Alta. After closing, Spresser and CFO Monte McGilvray will work to integrate Petro-Mart into the Alta network. “I am extremely proud of what the Western team has built from our beginnings over 30 years ago, and I am confident that our progress will continue under Alta’s ownership and Rich’s further stewardship. While it was the right time for me to transition Western’s ownership, I could not be more excited about what the future holds for our business, our employees and the communities we serve,” said Eble. Trefethen Advisors, an investment bank based in Scottsdale, Ariz., provided advisory services to Alta. “The current ownership group and management team have grown and significantly improved the chain,” said Bill Trefethen, Managing Partner of Trefethen Advisors. “We look forward to watching the company continue to grow.” Denver-based Alta has 111 c-stores in five states—Colorado, Kansas, Nebraska, New Mexico and Wyoming—and markets fuel under various brands including Phillips 66, Conoco, Exxon and Mobil. The Fortress and Phillips 66 joint venture purchased the company in January 2021. Fortress Investment Group is a diversified global investment manager with approximately $52.7 billion of assets under management. Founded in 1998, the New York-based firm manages assets on behalf of approximately 1,800 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of midstream, chemicals, refining, and marketing and specialties businesses, the company processes, transports, stores and markets fuels and products globally. Based in Houston, the company has a network of branded marketers and dealers operating approximately 7,500 outlets. Its U.S. marketing business supplies Top Tier detergent gasolines under the Phillips 66, 76 and Conoco brands. Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here . Want breaking news at your fingertips? Get today’s need-to-know convenience industry intelligence. Sign up to receive texts from CSP on news and insights that matter to your brand. Related Content

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