Giant Eagle has sold its wholesale motor fuels distribution business to Cary Oil Company Inc., according to Matrix Capital Markets Group, which advised on the sale.

“The Company’s wholesale motor fuels business distributes BP, Amoco, Phillips 66, Conoco and Marathon branded motor fuels to more than 80 contract dealer supply accounts in Indiana, Illinois and Kentucky. Giant Eagle began distributing branded wholesale motor fuels in December 2018 when it acquired Ricker Oil Company Inc., and given the legacy of this business, the majority of the Company’s dealer supply accounts are concentrated in and around the greater Indianapolis, Indiana metropolitan area,” Matrix said.

The sale of its fuels distribution was in conjunction with the Alimentation Couche-Tard’s (ACT) acquisition of GetGo Café + Market (GetGo) from Giant Eagle Inc., which recently closed. Giant Eagle sold its portfolio of nearly 270 GetGo Café + Market convenience stores and WetGo car washes located across Pennsylvania, Maryland, Ohio, West Virginia and Indiana to ACT.

GetGo's approximately 3,500 employees and 270 locations now reportedly make up a new and separate business unit (BU) within Couche-Tard's U.S. store network.

Cary Oil Co. and its affiliates of its Breeze Thru Markets convenience retail business recently sold its stores to Sampson-Bladen Oil Co. Inc.

“Following the divestment of its chain of 15 Breeze Thru branded convenience stores, Cary will continue to operate its extensive wholesale fuels distribution business that supplies approximately 1,000 dealers across 20+ states and delivers almost 1 billion gallons of fuel annually,” the release said.