CST Brands acquires OneStop, moves stores to partnership

San Antonio, Texas— CST Brands Inc., through its CrossAmerica Partners LP wholly-owned subsidiary, has acquired the Charleston, West Virginia-based One Stop convenience store network. CST is also moving 29 recently constructed stores into its wholly-owned CrossAmerica partnership via two “dropdown” transactions.

Both transactions are expected to close in the third quarter of 2015. In addition to 41 corporate stores, One Stop also has four commission agent sites, nine dealer fuel supply agreements and one freestanding franchised quick service restaurant. Five of the company-operated locations have quick service restaurants. The aggregate 54 One Stop sites had about $40.5 million in inside sales during calendar 2014.

"We are delighted to acquire the One Stop portfolio,” said Joe Topper, CEO of CST Brands. " One Stop, has built a regional powerhouse organization with a strong basis for future growth. This acquisition further solidifies Cross America’s commitment to West Virginia and Virginia.”