SpartanNash acquires Michigan-based c-store operator, fuel distributor
Food solutions company SpartanNash has made another acquisition, this time expanding its footprint of convenience stores.
The Grand Rapids, Mich.-based company has entered into an Asset Purchase Agreement with Markham Enterprises, Markham Oil and its affiliates, a three-store chain of convenience stores and fuel distributor in mid-Michigan. With the transaction slated to close in early December, SpartanNash will continue employment of Markham Enterprises' 42 team members. Terms of the deal were not disclosed.
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"Markham Enterprises fits well in our current retail portfolio, as we look to expand our fuel center and convenience store footprint," said SpartanNash executive VP and chief strategy and information officer Masiar Tayebi. "We are in the process of refreshing many of our existing fuel centers, so this acquisition is another exciting milestone in our investment in this part of our business – and in our strategic growth plans overall. We will continue to leverage insights from our fuel centers and convenience stores to continuously innovate our products and operations across our wholesale business, unlocking new customer potential."
The acquisition of Markham enterprises comes just weeks after SpartanNash acquired Fresh Encounter Inc., a 49-store supermarket chain serving Ohio, Indiana and Kentucky. The deal marked the second retail acquisition for SpartanNash this year, following the April addition of Metcalfe's Market, a three-store grocery chain in Wisconsin.
"Our team is impressed with SpartanNash's business model and the importance they place on their People First culture," said Markham president and CEO Denise Markham. "We are excited for the ways SpartanNash will expand this business and continue to serve the Perry, Howell and Lansing communities – and our associates."
In addition to its wholesale business, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers.
