Alimentation Couche‑Tard (Circle K) Acquires Big Red Stores' 45 Arkansas Sites
February 27, 2023
Alimentation Couche‑Tard Inc. (Circle K) entered into a definitive agreement to acquire 45 fuel and convenience retail sites from Arkansas‑based Big Red Stores, a chain founded in 1997 by Doug and David Hendrix. The deal (expected to close in H1 2023, subject to approvals) significantly expands Couche‑Tard’s Arkansas footprint and will be financed with available cash and/or existing credit facilities.
- Buyers
- Alimentation Couche-Tard Inc. (Circle K)
- Targets
- Big Red Stores
- Sellers
- Big Red Stores, Doug Hendrix, David Hendrix
- Industry
- Retail
- Location
- Arkansas, United States
- Transaction Type
- Divestiture
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