Majors Management Sells Fuel Plants to Focus on Retail. Company looks to divest "non-core components"
LAWRENCEVILLE, Ga. — Majors Management, a convenience-store developer, has sold two bulk plant facilities in Wheeling and New Martinsville, W.Va., and their respective commercial fuels distribution businesses, to Bruceton Farm Service, in order to concentrate on retail.
Majors Management and its affiliates serve markets in 16 states from Florida to Pennsylvania and the Carolinas to Texas.
“Whether it be c-stores or dealer supply, our primary business focus is on the retail side of the deal,” said Ben Smith, president of Majors Management. “When making an acquisition, optimally divesting non-core components such as commercial fuels and lubricants is part of our established business rationalization process and allows us to stay focused on our strategy to grow our business through acquisition. This business fell into that category.”
The transaction includes two bulk plant facilities in Wheeling and New Martinsville and their respective commercial fuels distribution businesses. Majors acquired the business as part of the Tri-State Petroleum acquisition, which was completed last December. This divestiture completes the strategic rationalization of that business.
Bruceton Farm Service is part of BFS Cos., Morgantown, W.Va., which includes BFS Foods convenience stores and Southern States fuels distribution, serving markets in Maryland, Ohio, Pennsylvania and West Virginia.
“This acquisition fit neatly into our current operating area, allowing us to more efficiently serve current customers, while strategically expanding our overall service area,” said Garet Bishop, CFO of BFS. “We look forward to integrating the customer base into our system and tangibly demonstrating the BFS difference into the future.”
BFS Cos. is No. 108 in CSP’s2021 Top 202 ranking of U.S. c-store chains by store count. Watch for the 2022 Top 202 ranking in the June issue of CSP magazine and in CSP Daily News.
PetroActive Real Estate Services LLC, Miami, provided exclusive advisory services to Lawrenceville, Ga.-based Majors Management LLC for this transaction.