Cumberland Farms to Acquire Coen Markets
The deal, which includes 54 sites and three NTI locations, is expected to close this year.
Mar 13, 2026
Cumberland Farms has agreed to acquire Pennsylvania-based Coen Markets, according to a press release from the company. The deal includes 54 operating sites along with three new-to-industry locations currently under development.
Cumberland Farms said it expects to unlock “meaningful value creation” by combining Coen Markets’ established foodservice offering and regional network with Cumberland Farms’ existing U.S. operations.
“This acquisition is a clear expression of our commitment to disciplined growth in the U.S.—our largest market by both sites and revenue,” said Russ Colaco, CEO of Cumberland Farms. “Charlie and Andy McIlvaine have built an exceptional business defined by well invested sites and an exceptional customer experience anchored by their foodservice offering. We are excited to welcome the Coen Markets team to Cumberland Farms and to continue building upon the legacy of success.”
Coen Markets is one of the oldest and largest convenience chains in the Pittsburgh region. It first opened in 1923, and now has locations across Pennsylvania, Ohio and West Virginia. Its stores offer the full-service, from-scratch Coen Kitchen, coffee bars with fresh bean-to-cup coffee, dynamic product mixes, beer caves, dine-in seating, drive-thrus, free air and more.
“Coen Markets has expanded successfully with its distinctive food offer, value-creating Club Coen loyalty program and store-level execution in line with our mission to ‘impress and satisfy its guests with every visit and make their lives simpler.’ We believe Coen’s business model and offer can expand further, and we want to ensure future growth with a partner that can take the business to yet another high level,” said Andy McIlvaine, president of Coen Markets.
Charlie McIlvaine, chairman & CEO of Coen Markets, added, “Our success is a team effort. Every one of our senior leaders and our team members have embraced our vision and made our convenience offer stand out. This brings us tremendous pride, and we have confidence that Cumberland Farms will continue that which we started and further advance our offer for the benefit of our customers.”
The transaction is expected to close later this year, pending regulatory approvals.
Earlier this month, EG Group, parent company of EG America and Cumberland Farms, said it is focusing on key growth markets in the United States and Europe. It completed the divestment of Italy and UK’s Cooplands operations in Q4 2025 and announced the divestment of its French operations in Q1 2026.
EG Group also said: “Progress with organic growth initiatives in the U.S. continued with Krispy Krunchy Chicken store openings, further store rebranding completed and SmartRewards program membership surpassing 4.7 million.”
Mergers and acquistitions
