Pico-Amigos Stores
“We were extremely pleased with the services provided by NRC. The sale of the assets of Westex and its affiliates was very complicated, and it quickly became obvious that we would not be able to find a single buyer for all of the retail and wholesale assets. NRC came up with creative solutions that proved highly efficient and successful, allowing us to “clear the market” on all of the company’s assets within a reasonable period of time. In addition, NRC provided invaluable assistance on legal and environmental matters, which served to reduce our costs of the transaction and our potential liability.”
– Robert Kusenberger Jr.
Chief Executive Officer | Westex Capital, LTD
Assets
24 company-operated convenience stores located in Texas, as well as a wholesale fuel and propane distribution business with six bulk plants and a propane business with five storage yards, in addition to rolling stock to support each business.
Engagement
NRC supported the company through the offering of the company’s convenience store, fuel and propane distribution assets. NRC prepared an extensive list of potential purchasers for each line of business, and managed a series of bidding rounds for each group of assets. Ultimately, the assets were sold to several entities over the course of six months, including Sunoco LP, Maxey Family Limited Partnership, Mr. Charles Reichenau and Karman Partners, LLC.