ARKO Corp. Buys Handy Mart

RICHMOND, Va.—GPM Investments LLC, a subsidiary of ARKO Corp., announced it has acquired the Handy Mart chain, which includes 36 convenience stores selling fuel in North Carolina and one development parcel. This is the 20^th acquisition for ARKO.

“Handy Mart is a strong regional brand with great people and a robust culture that will make a fantastic addition to our family of community brands,” said Arie Kotler, chairman, president and CEO of ARKO. “We look forward to expanding further in the Carolinas and providing customers with the high-quality products and service associated with our existing banner stores. We pride ourselves on the ability to unify and maintain the banners of strong regional community brands under our leadership and resources.”

GPM now has about 3,100 locations of which about 1,415 are company-operated and about 1,675 are dealer sites to which ARKO supplies fuel.

In August, ARKO announced it had expanded its partnership with DoorDash to operate in nearly half of all the convenience stores the company operates. In July, ARKO completed one of its latest store remodels of the fas mart store in Mechanicsville, Va., which is among the 684 ARKO stores that offer DoorDash delivery. The Mechanicsville fas mart’s partnership with DoorDash includes beer delivery. ARKO plans to remodel 360 out of 1,400 company-operated stores across its family of community brands and plans to invest about $360 million over three to five years to unify the stores in design while maintaining local well-known banners in each area.