FTC Orders Alimentation Couche-Tard to Divest 35 Sites


   
Dawn Gallagher
DTN Energy Reporter

   OAKHURST, N.J. (DTN) --- Alimentation Couche-Tard recently received 
clearance from the U.S. Federal Trade Commission to proceed with its $1.57 
billion acquisition of GetGo Caf + Market from Giant Eagle. The transaction is 
expected to close in the coming days.

   Couche-Tard has agreed to sell 35 sites, which will be acquired by Majors 
Management, according to the FTC. The proposed consent order requires that the 
divestiture take place no later than 20 days after the acquisition closes.

   Additionally, Alimentation Couche-Tard must maintain the economic viability, 
marketability, and competitiveness of each divested station until the 
divestiture to Majors is complete. Alimentation Couche-Tard must not acquire 
any not re-acquire any divested station for a period of 10 years and it  must 
provide advance notice to the FTC before acquiring any stations designated by 
the commission as competitively significant in the local markets of the 
divested station for 10 years.

   GetGo's approximately 3,500 employees and 270 locations in Pennsylvania, 
Maryland, West Virginia, Ohio and Indiana will make up a new and separate 
business unit within Couche-Tard's U.S. store network.

   Mike Maraldo, a 33-year Giant Eagle veteran who has been vice president of 
operations for GetGo since 2022, will lead the business unit as VP of 
operations.

   Senior operations leaders, as well as management and functional support 
staff for GetGo will remain based at Giant Eagle's corporate campus in 
Cranberry Township, Pa., in a separate, dedicated space.

   Couche-Tard is a global leader in convenience and mobility, operating in 29 
countries and territories, with close to 17,000 stores, of which approximately 
13,000 offer road transportation fuel.

   With its well-known Couche-Tard and Circle K banners, it is one of the 
largest independent c-store operators in the United States. The company is a 
leader in the c-store industry and road transportation fuel retail in Canada, 
Scandinavia, the Baltics, Belgium and Ireland. It also has operations in 
Luxembourg, Germany, the Netherlands, Poland, and in Hong Kong.




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