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The Wills Group Announces Acquisition Of Six Mapco Retail Fuel And Convenience Store Locations

Mar 09, 2022•over 3 years ago

Acquiring Company

The Wills Group

Acquired Company

Suite Studios

La PlataBoulderReal EstateRetailInformation Technology

Description

The Wills Group announced today that SMO, Incorporated acquired six retail fuel and convenience locations from MAPCO. The acquisition was finalized on March 3, 2022, and includes six MAPCO locations along the Virginia I-95 corridor and in Warrenton, Virginia.

Company Information

Company

The Wills Group

Location

102 Centennial St

La Plata, Maryland, United States

About

Headquartered in La Plata, Maryland, the Wills Group has 277 retail locations across the Mid-Atlantic region, including Dash In, Splash In ECO Car Wash, and SMO Motor Fuels. A family-owned company since 1926 with expertise in convenience retailing, fuels marketing, and commercial real estate, the Wills Group prides itself on keeping customers, employees, and communities’ Lives in Motion. For more information about the Wills Group, visit willsgroup.com.

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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