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Couche-Tard acquires Wilsons’ c-store and fuel network

Couche-Tard acquires Wilsons’ c-store and fuel network
Photo courtesy of Wilson Fuel Co.

Canada’s Alimentation Couche-Tard Inc., a global leader in the convenience sector, operating the brands Couche-Tard, Circle K and Ingo, has signed a binding agreement to acquire Cape D’Or Holdings Limited, Barrington Terminals Limited and other related holding entities. Collectively called the Wilsons network, these entities operate an independent convenience store (c-store) and fuel network in Atlantic Canada under the Esso, Wilsons Gas Stops and Go! Store brands.

The Wilsons network comprises high-quality locations operating in all four Atlantic Canada provinces and includes 79 corporate-owned and operated convenience retail and fuel locations, 147 dealer locations (of which two are company-owned), and a marine fuel terminal in Halifax, Nova Scotia. 

Couche-Tard intends to acquire the Wilsons network with some assets to be purchased by a third-party acquisition partner to be determined following a review of the proposed transaction by the Canadian Competition Bureau.

The transaction is expected to close in the first half of 2022, subject to customary closing conditions and regulatory approvals, including under the Competition Act. The transaction will be financed using Couche-Tard’s available cash and/or existing credit facilities.

“The transaction is a great fit for Couche-Tard and will allow us to continue to build on our geographic expansion strategy through the addition of complementary sites while bringing added value to our team members and customers in Atlantic Canada. We are committed to purchasing strong sites with capabilities both inside the stores and on the forecourts to further our organic growth platforms and showcase Couche-Tard’s industry leading commitment to innovation and customer service, and we clearly see that potential in the Go! Stores and Wilsons’ assets and its dedicated employees,” said Brian Hannasch, president and CEO of Alimentation Couche-Tard.