VPS Convenience Store Group

Jul 1, 2015

Friends (19) July 1, 2015    10 Views    0 Comments GPM Investments LLC has acquired the Midwest division of VPS Convenience Store Group. No financial terms were disclosed. Based in Wilmington, North Carolina, VPS operates convenience stories under the Village Pantry and Next Door Stores brands. PRESS RELEASE We are pleased to announce that an affiliate of Sun Capital Partners successfully completed the sale of the Midwest division of VPS Convenience Store Group (‘‘VPS”) to GPM Investments, LLC. Headquartered in Wilmington, North Carolina, VPS operates 161 convenience stores throughout Indiana, Michigan, Ohio and Illinois under the Village Pantry and Next Door Stores brands. These stores offer retail convenience items, including fuel, and many also offer franchise food offerings including Subway, Chester’s Fried Chicken, Noble Romans and Hunt’s Brothers Pizza. Since the initial acquisition in 2006, VPS completed nine significant add-on acquisitions, expanding the Company’s reach to approximately 430 stores across eight states to become a market leading convenience store operator in the Midwest and Southeast. Additionally, VPS enhanced its food operations, expanded and improved its higher-margin food and beverage offerings, and improved its store-level management through innovative scanning technologies. A Sun Capital affiliate previously sold 263 VPS Southeastern stores in North and South Carolina, Tennessee and Virginia to GPM in 2013. SUN CAPITAL OVERVIEW: Sun Capital Partners is a global private equity firm focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results. Sun Capital is a trusted partner that is recognized for its investment and operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, chemical, building products, automotive, restaurant and retail sectors. Since 1995, Sun Capital has invested in more than 315 companies worldwide across a broad range of industries and transaction structures. Leave a Reply