Denver-based Monfort Companies has sold its petroleum marketing and convenience retail assets to multiple buyers, finalizing a multiyear divestment strategy that marks the company’s exit from the sector. Before the sale, Monfort owned and operated approximately 80 convenience stores across Colorado, Minnesota, Oklahoma, Texas, and Wisconsin.
Founded in 1930, Monfort has a long-standing legacy of investing in and supporting local businesses and has served as a key driver of economic growth throughout Colorado. In 2013, the company expanded its diverse investment portfolio by acquiring its first convenience stores in Denver. Over the following decade, Monfort aggressively grew its footprint in the convenience retail industry, acquiring and operating select 7-Eleven locations in Texas, Murphy USA sites in Minnesota, Speedway and Dino Stop stores in Wisconsin, Jack’s Convenience Stores in Texas, and the Chisholm Corner stores in Oklahoma. At its peak, Monfort operated nearly 80 convenience stores across multiple states, some of which included adjacent operations such as car washes, quick lube shops, QSRs, and full-service restaurants. Monfort exited the convenience retail channel through several strategic divestments during 2023–2026, selling the various geographic markets to buyers including Azan Petro, LLC; 7-Eleven, Inc.; Kent Kwik Convenience Stores; and Diamond Jubilee Oil, LLC.
Matrix Capital Markets Group, Inc. provided merger and acquisition advisory services to Monfort, including valuation advisory and marketing the business through multiple confidential, structured sale processes. The transactions were managed by Cedric Fortemps, CFA, co-head of Matrix’s Downstream Energy & Convenience Retail Investment Banking Group, and John Duni, CFA, CPA, director…