“We are very pleased to sell our stores to another operator based in Georgia. We are confident that our Georgia locations will be in good hands with Marvin Hewitt and his entire team. Our Georgia locations are highly attractive properties, and NRC was invaluable in all aspects of the transaction which culminated in the closing this week.”
– John McDonald
President and Chief Executive Officer | McDonald Oil Company
Assets
18 company-operated convenience stores located in west central Georgia.
Engagement
NRC led the company through the marketing of the company’s convenience store portfolio. NRC conducted a valuation of the company’s assets and assembled an extensive list of qualified potential purchasers. After several rounds of bidding, Majors Management LLC, based in Lawrenceville, Georgia, was the successful bidder and purchased all of the assets.