Cumberland Farms, part of UK-based EG Group, has signed an agreement to purchase convenience and fuel retailer Coen Markets, widening its presence in sections of the north-eastern US.

The transaction covers 54 trading locations and three new-to-industry sites currently under development.

Coen Markets’ network spans Western Pennsylvania, Eastern Ohio and Northern West Virginia.

Coen Markets' president Andy McIlvaine said: “Coen Markets has expanded successfully with its distinctive food offer, value-creating Club Coen loyalty programme, and store-level execution in line with our mission to 'impress and satisfy its guests with every visit and make their lives simpler.”

The companies expect the deal to close later this year, subject to customary regulatory approvals.

Financial details were not provided.

Cumberland Farms said the purchase aligns with its approach of growing via selected, complementary investments.

It expects Coen Markets’ regional footprint and foodservice offering to add to its existing US business.

Coen Markets is headquartered in Canonsburg, Pennsylvania, and operates stores featuring full-kitchen formats serving items such as pepperoni rolls, handmade pizza and bean-to-cup coffee.

Founded in 2001, Cumberland Farms operates across eight countries.

The US is its biggest market by revenue, followed by several European markets, including France, Luxembourg, and the UK, as well as Australia.

Cumberland Farms CEO Russ Colaco said: “This acquisition is a clear expression of our commitment to disciplined growth in the US - our largest market by both sites and revenue."

The agreement follows EG Group’s recent move in France.

Last month, the company agreed to sell its operating business in the country to EG On The Move, part of an ongoing plan to leave the French market.

Under that arrangement, EG On The Move entered a put option to acquire 260 sites in France, and the proposed sale is part of a broader set of transactions aimed at divesting EG Group’s French operations.