Refuel owner explores $1.5-billion-plus sale of convenience-store operator, sources say | Reuters
Arko's plans to divest could attract investors, boosting its financial position.
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Arko's plans to divest could attract investors, boosting its financial position.
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Refuel has grown through acquisitions since First Reserve's 2019 buyout. Refuel's potential sale may value it over $1.5 billion, attracting interest. Convenience-store sector consolidating amid slowing growth and inflation. Arko is exploring shedding its convenience-store operations for $2 billion. Comparable sales highlight a trend towards consolidation in the industry.
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