Z Mart reaches deal to sell to GPM Investments

Z Mart reaches deal to sell to GPM Investments

ARKLATEX (KSLA) have enjoyed serving our existing customers and are thrilled to begin serving customers in these new states, as well, said Arie Kotler, president and CEO of GPM Investments, says in a news release.The parties involved expect to close the deal in the second quarter of 2018.Jim and FaEllen Yates began E Z Mart Stores in 1970 with their first store in Nashville, Ark. and is currently ranked as the 31st largest company,” E Z Mart CEO Sonja Yates Hubbard says in the news release.With the addition of the E Z Mart stores, GPM Investments will become the sixth largest convenience store chain in the nation, operating and supplying fuel to more than 1,400 sites in 22 states.look forward to our expansion as we make these locations a new part of the GPM family,” Kotler said of the E Z Mart stores.GPM Investments is based in Richmond, Va., and operates or supplies more than 1,000 stores in Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Missouri, Nebraska, New Jersey, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee and Virginia.significant investment in our store portfolio of the last decade has changed both our look, profitability and advance the quality of service we provide our customers, Hubbard says in the release.to escalate that rate of improvement, ensuring growth opportunities for our brand and team, we are now excited that this combination of the E Z Mart brand with GPM will exponentially accelerate that growth, benefiting everyone involved.”GPM Investments officials say they expect to offer jobs to all of E Z Mart employees.”The E Z Mart Store employees have long served customers with dedication and enthusiasm. We are eager to remain on the same path of service with passion and commitment,” Chris Giacobone, GPM Investments’ chief operating officer, says in the news release.”Bringing the E Z Mart employees into the GPM family was very important to our leadership team. And we look forward to our continued growth with these new stores.”GPM Investments also plans to continue to operate E Z Mart’s store support and maintenance headquarters in Texarkana, Texas. More than 130 people work there.The family will establish The Yates Group, which will manage retained real estate, leased locations and leasehold services for some of the stores acquired by GPM Investments.The Yates Group will continue operating E Z Street Liquor on 9th Street in Texarkana, Ark., Subway in Foreman, Ark., the Yates aviation division and the Jim Yates Charitable Foundation.Michigan State Police is investigating a shooting that left five people injured.Former juvenile facility counselor charged with sexual misconductFormer juvenile facility counselor charged with sexual misconductUpdated: Saturday, March 10 2018 11:17 PM EST2018 03 11 04:17:16 GMTHannah Rose Fitzpatrick, 19, of Marion, Iowa, is charged with sexual misconduct with a youth offender in her custody. (WQAD via CNN Wire)Hannah Rose Fitzpatrick, 19, of Marion, Iowa, is charged with sexual misconduct with a youth offender in her custody. (WQAD via CNN Wire)
Z Mart reaches deal to sell to GPM Investments