Anabi Oil Corporation has purchased 12 c-stores from C&J Cox Corporation and its affiliates (“Cox”), Matrix Capital Markets Group Inc., who advised the sale, told NACS. The transaction closed on November 12th.
Headquartered in Pleasanton, California, Cox operates convenience stores that serve the Tri-Valley and Lake Tahoe communities. The transaction with Anabi, which operates Rebel convenience stores, included nine stores in the Tri-Valley region and three stores in the Lake Tahoe area. The convenience stores operate under the Cox Family Stores brand and sell motor fuels under the Shell, Chevron and Valero brands. Cox will continue to own and operate two locations in the Tri-Valley region, which were not part of the transaction.
“The Cox family built one of the most admired convenience store networks in Northern California, and we consider it a privilege to continue that legacy,” Sam Anabi, of Anabi Oil, said. “Our focus is to preserve the level of quality their customers have trusted for decades. Because these sites were already operated with such discipline and pride, the transition has been exceptionally smooth: strong teams remain in place and service continues uninterrupted. We are proud to welcome these stores into our family.”
In October of this year, Anabi Oil signed a definitive agreement to acquire Southern Nevada-based Green Valley Grocery. The acquisition included 87 Green Valley Grocery locations across Southern Nevada.
Green Valley Grocery and Anabi Oil “each bring unique strengths to the Las Vegas market, and the combined network will drive innovation, expand loyalty programs and create efficiencies that position the business to honor Green Valley Grocery’s legacy while investing in its future,” Anabi Oil said at the time.