US-based convenience store chain United Pacific has signed an agreement to purchase 39 gas station and convenience store assets in California from Macland Investments.
Financial details of the deal have not been disclosed.
The deal will expand United Pacific’s c-store network to 365 company-operated and 55 fee operated locations.
United Pacific president and CEO Joe Juliano said: “The addition of Macland’s stores to the United Pacific retail network significantly strengthens our company.
“We are excited about bringing such a high-quality convenience store portfolio and talented and loyal group of employees into the United Pacific family.
“The addition of the Macland stores also expands our retail presence in Southern California, which remains a core growth area for United Pacific.”
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Following completion of the transaction, the majority of Macland’s employees will join United Pacific, expanding its workforce to more than 2,800 employees.
Based in Southern California, Macland Investments operates gas stations and convenience stores under the Chevron, 76 and Shell brands. It also owns seven car washes and five quick service restaurants.
United Pacific owns and operates retail convenience locations along with a wholesale fuel distribution network in California, Nevada, Oregon, Washington and Colorado.
The company offers motor fuels products under 76, Conoco, Phillips 66, Shell and United Oil banners.
It also offers convenience brands such as We Got It! Food Mart, My Goods Market, Circle K and Rocket across its stores.
United Pacific operates its retail and wholesale businesses in California, Nevada, Oregon, Washington and Colorado.