Food solutions company SpartanNash has entered an asset purchase agreement with Markham Enterprises, Markham Oil and its affiliates, a three-store chain of convenience stores and fuel distributor located in central Michigan. The transaction is expected to close in December, subject to customary closing conditions. Terms of the deal were not disclosed.

"Markham Enterprises fits well in our current retail portfolio as we look to expand our fuel center and convenience store footprint," said Masiar Tayebi, SpartanNash executive vice president and chief strategy and information officer. "We are in the process of refreshing many of our existing fuel centers, so this acquisition is another exciting milestone in our investment in this part of our business—and in our strategic growth plans overall.”

Tayebi added, “We will continue to leverage insights from our fuel centers and convenience stores to continuously innovate our products and operations across our wholesale business, unlocking new customer potential."

"Our team is impressed with SpartanNash's business model and the importance they place on their people-first culture," said Markham President and CEO Denise Markham. "We are excited for the ways SpartanNash will expand this business and continue to serve the Perry, Howell and Lansing communities—and our associates."

Following the closing of this transaction, SpartanNash will continue employment of Markham Enterprises' 42 team members.