Village Pantry Buys 33 Convenience Stores
INDIANAPOLIS -- Village Pantry Inc., the former arm of Marsh Supermarkets Inc., has acquired 33 Next Door Stores convenience stores in northern Indiana and Michigan from Mount Pleasant, Mich.-based Imperial Co. Inc. for an undisclosed price.
Imperial sells premium branded fuel to complement its convenient products, quick-serve restaurants, car washes, and other value-added service offerings.
Village Pantry, with 146 c-stores throughout Indiana and Ohio, has multiple store formats, most of which provide fuel services.
Mick Parker, Village Pantry's president and c.e.o., said the acquisition will augment the company's footprint in two mid-western states. "We expect to take advantage of the economies of scale offered by this transaction and be better positioned to enhance the value proposition for our loyal customers. The transaction will also provide increased opportunities for growth and the continued rollout of new merchandising concepts."
Sun Capital Partners, Inc., a private-equity firm based in Boca Raton, Fla., separated Village Pantry from its former parent, Marsh Supermarkets, into its own company in May after buying Marsh a year ago for $88 million.
Imperial sells premium branded fuel to complement its convenient products, quick-serve restaurants, car washes, and other value-added service offerings.
Village Pantry, with 146 c-stores throughout Indiana and Ohio, has multiple store formats, most of which provide fuel services.
Mick Parker, Village Pantry's president and c.e.o., said the acquisition will augment the company's footprint in two mid-western states. "We expect to take advantage of the economies of scale offered by this transaction and be better positioned to enhance the value proposition for our loyal customers. The transaction will also provide increased opportunities for growth and the continued rollout of new merchandising concepts."
Sun Capital Partners, Inc., a private-equity firm based in Boca Raton, Fla., separated Village Pantry from its former parent, Marsh Supermarkets, into its own company in May after buying Marsh a year ago for $88 million.