Stewart’s Shops is seeking a buyer for five convenience stores as part of an agreement with the Federal Trade Commission (FTC) to facilitate the closing of the acquisition in December of Jolley Associates.
Stewart’s Shops signed an agreement in September to buy the assets of St. Albans, Vermont-based Jolley Associates, including 45 Jolley convenience stores—38 in Vermont, five in New York and two in New Hampshire. The deal also included petroleum products company S.B. Collins and heating oil business Clarence Brown.
- Stewart’s Shops is No. 23 on CSP’s 2024 Top 202 ranking of U.S. c-store chains by number of company-owned retail outlets. Jolley Stores is No. 148.
The companies did not disclose the terms of the deal, but the price was large enough that it surpassed the FTC’s new premerger notification filingsthreshold, Robin Cooper, spokesperson for Stewart’s Shops, told CSP Daily News. According to the agency, that threshold is $126.4 million for 2025.
“The majority of this acquisition was all brand-new territory,” he said. “But there are a couple areas where there was a little overlap.”…