United Refining Company acquires Pump N’ Pantry, Inc. to expand its convenience retail assets
Jul 15, 2024•over 1 year ago
Acquiring Company
United Refining Company
Acquired Company
Pump N’ Pantry
Description
Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Pump N’ Pantry, Inc. and its affiliates on the sale of its convenience retail assets to United Refining Company. Pump N’ Pantry, a leading, regional convenience retailer operating 14 convenience stores throughout central Pennsylvania, will become part of the United Refining Company's network, enabling both companies to strengthen their positions in the retail convenience sector.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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