S&G Convenience Stores Boosts Growth with Acquisition of 8 PS Food Marts in Toledo Area

S&G Convenience Stores has recently acquired eight PS Food Mart locations in Toledo, Ohio from Folk Oil Co. This move boosts S&G’s portfolio, which now includes over 60 stores under its S&G Stores and Stop & Go brands.

Founded in the 1920s, Folk Oil operates about 40 convenience stores in Michigan and northern Ohio. Besides its convenience stores, the company runs multiple franchises, including Subway and Denny’s.

The sale of these eight Toledo stores is part of PS Food Mart’s plan to optimize its operations. This strategic shift allows the company to focus on strengthening its core markets in Michigan while reallocating resources effectively.

Experts like Jeff Traub from Downstream Energy Group highlight the strategic value of this acquisition. He emphasizes that S&G is obtaining high-quality assets that fit well with their goals. This alignment is essential for companies in the competitive convenience store market.

The convenience store industry is seeing notable changes. According to recent data, convenience stores are increasingly focusing on foodservice to attract more customers. This trend reflects a broader shift in consumer preferences, where people are looking for quick, quality food options on the go.

As convenience stores like S&G expand, they are not just growing their store count but also enhancing their service options. This approach is important for staying relevant in a rapidly changing retail landscape.

For more insights about this industry and other acquisitions, you can check resources like CSP Daily News.



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Greg Lindenberg, informa, CSP, CSP Daily News, convenience store news, convenience stores, c-stores, gas stations, truckstops, travel centers, truck stops, ps food mart, S&G Convenience Stores