Giant Oil Inc. has closed on its acquisition of American Natural Retail PA LLC, the convenience retail subsidiary of Cleopatra Resources LLC. The transaction included 11 company-operated convenience stores, with an additional two company-operated retail locations scheduled to close in 2024.
In an environment of rapidly changing consumer dynamics, technological innovation, retail food preferences and transitional fueling habits, the American Natural (AN) retail brand offers mobile consumers an elevated food experience and carbon-friendly alternative fuel options, the company said. The Eatery is the chain’s fast-casual foodservice concept.
“American Natural has been proud to serve customers across Western Pennsylvania for the last 11 years, and we are grateful for their loyalty and support. Further, we are thankful for our employees’ service over the years and remain excited for their future as they become part of the Giant family. Giant Oil has a best-in-class leadership team and a very strong organizational culture,” said James Bromley, CEO of Pittsburgh-based American Natural since August 2021.
- Jennifer Pomerantz, founder of Cleopatra Resources in 2011, was amongCSP’s 2018 Power 20.
“The expansion into the Pennsylvania market marks an exciting new chapter in Giant’s journey and furthers the commitment to its mission of providing exceptional services to its customers, and this acquisition represents a significant step towards achieving that goal,” a Giant Oil spokesperson said.
Corner Capital Partners LLC, Austin, Texas. served as Cleopatra Resources’ exclusive financial advisor and rendered investment banking services in addition to commercial real estate brokerage services through its affiliate, Corner Realty. Sean Stewart, Andy Weber and Nick Stricker managed the transaction.
Tampa, Florida-based Giant Oil Inc. is a petroleum marketer spanning both the convenience retail and dealer fuel supply business. It operates and franchises the proprietary On The Fly convenience-store brand. Giant has been in the industry since 1995, with stores across Florida, Indiana, Ohio, and Kentucky. It partners with industry leaders including BP, Chevron, ExxonMobil, Sunoco, Texaco, Amoco and Marathon.
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