Legacy Markets LLC has completed the acquisition of Triangle Stop Food Stores and JH Reaben Oil Company. The acquisitions consist of 10 “ideally situated” convenience stores in Western North Carolina, primarily serving the Hendersonville and Brevard communities.
“I want to personally thank Hall and Beau Waddell of Triangle Stop and JH Reaben Oil Company for helping us start the growth journey of Legacy Markets. We look forward to working with the Triangle Team,” said CEO Jack Helmick. “The owners have built a truly successful business and entrusted us with a legacy of excellent customer service, friendly staff and great local offers for our customers.”
“The greater Asheville MSA has grown over 30% the last 15 years and is an exciting and dynamic market. Triangle is a proven leader in the Southern Asheville MSA and Legacy Markets is actively looking to expand its footprint in Asheville, as well as adjacent markets in both the Carolinas, Tennessee and the broader Southeastern U.S.,” a spokesperson for Legacy Markets told NACS Daily.
“We are focused on enhancing and investing in what is best about each acquisition within the context of their local markets, and with very few exceptions, have no intention to change the name/brand of any stores,” Legacy Markets said.
The retailer said it is also in “active discussions with numerous other 5- to 50-store, market-leading, primarily family-owned c-store businesses. We want to establish Legacy Markets as the ‘acquirer of choice’ known for focusing on preserving the legacy of each seller’s business,” the spokesperson said.
“Furthermore, we believe in ‘people first’ and embracing the culture of each acquisition while providing employees and managers growth opportunities that arise within the larger Legacy Markets network,” the spokesperson said.