COLUMBIA, S.C. — Pops Mart Fuel has sold its entire convenience-store and wholesale business, fully exiting the c-store industry through a multi-buyer transaction led by Sunoco LP.
The deal, which wrapped up in December, was managed by American Business Brokers & Advisors. Financial details were not shared.
As part of the deal, Sunoco acquired 36 of Pops Mart’s 54 convenience stores, along with its wholesale distribution business, boosting Sunoco’s U.S. store count to around 310 locations. Meanwhile, Petroleum Marketing Group purchased seven of Pops Mart’s convenience stores, while the buyers for the remaining 11 locations were not immediately disclosed…