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United Refining Company acquires Pump N’ Pantry, Inc. to expand its convenience retail assets

Jul 15, 2024over 1 year ago

Acquiring Company

United Refining Company

Acquired Company

Pump N’ Pantry

WarrenTroyOil And GasEnergyRetail

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.

Company Information

Company

United Refining Company

Location

Warren, North Carolina, United States

About

United Refining Company is a leading, independent refiner and marketer of petroleum products. Headquartered in Warren, Pennsylvania, the company operates a state-of-the-art refinery with a processing capacity of 70,000 barrels per day. United Refining Company also owns and operates Kwik Fill/Red Apple and Country Fair retail convenience store locations across New York, Pennsylvania, and Ohio.

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M&A Insights

Based on deal data
Integration 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
M&A deals with strong technology integration plans are 2.5x more likely to succeed