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Assets
14 company-operated convenience stores located in Florida, Georgia, and Tennessee, nine of which were owned in fee and five of which were leased from third parties.
Engagement
NRC served as financial advisor and transaction manager to the company in support of the sale of its convenience store assets. NRC created materials to describe the assets, suggested a list of potential purchasers and managed a multi-round bidding process. The optimal conclusion of the sales process resulted in two buyers: Circle K Stores Inc., a wholly-owned subsidiary of Alimentation Couche-Tard, purchased 13 of the stores, while Max Arnold & Sons LLC, purchased the remaining store.
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