Stewart’s Shops has signed an agreement to purchase the assets of the Jolley Associates convenience store brand and S.B. Collins, including its heating oil business Clarence Brown of St. Albans, Vermont. According to a company press release, the acquisition requires federal regulatory approval and is expected to close by the end of 2024.

The transaction includes the purchase of 45 Jolley stores, including five in New York, two in New Hampshire, and 38 locations in Vermont.

“We are thrilled to have this opportunity to acquire a company with such an impressive reputation in a market that we’ve been watching for many years,” said Stewart’s Shops President Gary Dake. “One of the primary reasons we were drawn to this deal is because of the quality and the character of Jolley’s employees.”

“Jolley will give the company a larger presence in Vermont, particularly in Burlington and other areas in the northern part of the state. … The deal also includes the purchase of Jolley’s sister companies, Clarence Brown, a home heating fuel oil company that serves Vermont; and S.B. Collins, a supplier of gasoline and diesel that serves New York, New Hampshire, and Vermont,” reported the Times Union, an Albany-area newspaper.

“We are proud of what we have accomplished over the years and we are happy to know that Stewart’s is providing our employees an opportunity to have ownership in the business and will continue to treat them well,” said Bruce Jolley, president and cofounder of Jolley Associates.