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GPM Investments to Acquire 61-Store Express Stop Banner


RICHMOND, Va. GPM Investments is boosting its presence in the Midwest.
The company, a wholly owned subsidiary of Arko Corp., inked an agreement to acquire 61 Express Stop convenience stores in Michigan and Ohio. The deal will complement GPM s existing 165 stores in Michigan and nine stores in Ohio.
Our model of growing through acquisition while keeping the local banners in place has delivered significant value for all of ARKO s stakeholders, said Arie Kotler, chairman, president and CEO of ARKO. Michigan and Ohio are important geographies for us, and we believe that Express Stop is a highly regarded brand there. We look forward to welcoming those associates to the GPM family while providing Express Stop customers with the same great quality products and services they re used to. ....

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