Matrix Capital Markets Advises Giant Eagle on Asset Sales
7/08 1:05 PM
Matrix Capital Markets Advises Giant Eagle on Asset Sales Dawn Gallagher DTN Energy Reporter OAKHURST, N.J. (DTN) --- Giant Eagle has sold its portfolio of nearly 270 GetGo Caf + Market convenience stores and WetGo car washes located across Pennsylvania, Maryland, Ohio, West Virginia and Indiana to Alimentation Couche-Tard, Inc., the parent company of Circle K, according to Matrix Capital Markets Group, Inc., advisor to Giant Eagle. As part of the GetGo transaction, Giant Eagle and Couche-Tard have agreed to maintain and partner on the company's widely popular myPerks loyalty program. In a separate transaction, Giant Eagle also sold its wholesale motor fuels distribution business to Cary Oil Company, Inc. The company's wholesale motor fuels business distributes BP, Amoco, Phillips 66, Conoco, and Marathon branded motor fuels to more than 80 contract dealer supply accounts in Indiana, Illinois and Kentucky. Giant Eagle began distributing branded wholesale motor fuels in December 2018 when it acquired Ricker Oil Company, Inc., and given the legacy of this business, the majority of the company's dealer supply accounts are concentrated in and around the greater Indianapolis metropolitan area. "This was a highly complex transaction, and the team from Matrix proved to be an exceptional advisor every step of the way," said David Burnworth, CFO of Giant Eagle. "Their ability to manage a dynamic and fluid process while providing thoughtful, strategic guidance was key to achieving a successful result for Giant Eagle." Matrix provided merger and acquisition advisory services to Giant Eagle, which included valuation advisory, conducting a confidential, structured sale process, and negotiation of the transactions. Weil, Gotshal & Manges LLP and Winthrop & Weinstine, P.A. served as legal counsel for Giant Eagle with respect to the transactions with Couche-Tard and Cary Oil, respectively. (c) Copyright 2025 DTN, LLC. All rights reserved.
 
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