ARKO Corp. Closes 23rd Acquisition, Expands its Retail Segment into Alabama and Mississippi with Purchase of the Assets of Transit Energy Group and its Affiliates

March 2, 2023

https://www.globenewswire.com/news-release/2023/03/02/2619107/0/en/ARKO-Corp-Closes-23rd-Acquisition-Expands-its-Retail-Segment-into-Alabama-and-Mississippi-with-Purchase-of-the-Assets-of-Transit-Energy-Group-and-its-Affiliates.html

RICHMOND, Va., March 02, 2023 (GLOBE NEWSWIRE) — ARKO Corp. (Nasdaq:ARKO) (“ARKO” or the “Company”), a Fortune 500 company and one of the largest convenience store operators in the United States, announced today that subsidiaries of ARKO have completed its previously announced acquisition, acquiring the assets of Transit Energy Group and its affiliates (“TEG”) which operates as of closing approximately 135 convenience stores, supply fuel to approximately 190 independent dealers, and operates a transportation business with 58 trucks and 78 tanker trailers that supports the retail and wholesale business, all in the Southeastern United States. This is ARKO’s 23rd acquisition since 2013.

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