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Assets
18 convenience stores and gasoline stations, two traditional Subway quick service restaurants and a fuel distribution business in southeastern Texas.
Engagement
NRC served as financial advisor to the company in connection with the sale of its convenience store assets, Subway quick service restaurants, and fuel distribution business. NRC solicited a large number of prospects for the company’s diverse businesses. There were several prospective bidders who were interested in all of the company’s assets. After several rounds of bidding, Circle K Stores In, a wholly owned subsidiary of Alimentation Couche-Tard, emerged as the successful bidder.
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