Fast Track Acquired By Anabi/Rebel

The deal included 17 convenience stores.

June 14, 2024

Land O’Sun Management Corporation, dba Fast Track, sold its petroleum marketing, convenience retail and QSR businesses to Anabi Real Estate Development, LLC and its affiliates, dba Anabi/Rebel.

Headquartered in Gainesville, Florida, Fast Track operates 17 convenience stores, 10 co-located QSRs and two stand-alone QSRs in northern Florida.

Alan Fogg, president of Fast Track, said, “As a family business, deciding to sell is both an economic and emotional decision.”

Land O’Sun Management was founded in 1996 when local businessmen Alan Fogg, Richard Rentz and Stephen Fogg purchased 38 gas stations in Northern Florida. After turning around their initial acquisition to become successful operating stores in just four years, the founders wanted to continue growing Land O’Sun and purchased 13 additional stores in 2000, which provided access to the QSR business.

Based in Upland, California, Anabi/Rebel was founded by Sam Anabi in 1991 with one gas station. Anabi/Rebel has been working with independent retailers to provide the “best fuel and highest level of service to communities throughout California.” Over the years, the company has grown by buying and selling stations, converting bays into convenience stores, adding car washes, partnering with fast food brands and building ground up new to industry locations.

Today, Anabi/Rebel continues to operate as a family owned and operated business with over 600 locations across 16 states, including multiple QSR brands.

Matrix Capital Markets Group Inc. provided merger and acquisition advisory services to Land O’Sun Management Corporation, which included valuation advisory, marketing the business through a confidential, structured sale process and negotiation of the sale.

Advertisement
Advertisement