LAVAL, Quebec—Alimentation Couche-Tard Inc. announced its acquisition of Cape D'Or Holdings Limited, Barrington Terminals Limited and other related holding entities, which operate an independent convenience store and fuel network in Atlantic Canada under the Esso, Wilsons Gas Stops and Go! Store brands.
“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,” said Brian Hannasch, president and CEO of Alimentation Couche-Tard, and member of the NACS Executive Committee.
Hannasch added the company is 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.”
Wilsons-branded stores are in all four Atlantic Canada provinces and include 79 corporate-owned and -operated convenience retail and fuel locations, 147 dealer locations, of which two are corporately owned, and a marine fuel terminal in Halifax, Nova Scotia.
The transaction is expected to close in the first half of the 2022 calendar year and is subject to customary closing conditions and regulatory approvals, including under the Competition Act.
Couche-Tard operates convenience stores in 26 countries and territories, with more than 14,200 stores, of which approximately 10,800 offer road transportation fuel. With its Couche-Tard and Circle K banners, it is the largest independent convenience store operator in terms of the number of company-operated stores in the United States.