LOS ANGELES--(BUSINESS WIRE)--United Oil, a leading convenience store and gas station operator in Southern California, announced that it has completed the acquisition of a portfolio of 251 gas stations and convenience stores from Pacific Convenience & Fuels (PC&F). These convenience stores operate under the My Goods Market and Circle K brands, and primarily offer 76 and Conoco branded motor fuels. The acquired properties are located in California, Nevada, Oregon, Washington and Colorado.
Now that this acquisition has been consummated, the company will begin doing business as United Pacific. United Pacific’s network will include 319 company-operated stores and 60 fee-operated and leased locations. The majority of PC&F’s employees will become employees of United, and United Pacific will now have over 2,500 employees.
Joe Juliano, President and CEO of United Pacific, said: “The combination of the two chains will provide for strong synergies and leverage the strengths of each organization. This acquisition significantly expands our retail presence in the Western U.S. and strategically positions our company for future growth.”
Sidley Austin LLP acted as legal counsel to United Pacific and Baker Botts acted as legal counsel to PC&F.
ABOUT UNITED PACIFIC
United Pacific, through its retail convenience locations and its retail and wholesale fuel distribution network, has established itself as one of the largest independent owners, suppliers and operators of gas stations and convenience stores in the Western United States. United Pacific offers motor fuels products under the 76, Conoco, Shell and United Oil flags and convenience items through the We Got It! Food Mart, My Goods Market and Circle K brands. United Pacific operates its retail and wholesale businesses in California, Nevada, Oregon, Washington and Colorado. The Company is a portfolio business of Fortress Investment Group LLC, a leading, highly diversified global investment management firm.