Couche-Tard is once again allowed to pursue its journey to become the world’s preferred destination for convenience and fuel, through this acquisition.
Alimentation Couche-Tard Inc. (“Couche-Tard”) has signed an agreement with Holiday Companies to acquire all of the issued and outstanding shares of Holiday Station stores, Inc. and certain affiliated companies (“Holiday”), whose assets include over 500 company operated and franchise locations, a food commissary and a fuel terminal.
A confidentiality agreement which precludes them from disclosing the purchase price at this time for this acquisition, has been signed by both parties.
“We are pleased to entrust Couche-Tard with carrying forward the Holiday brand and our highly successful programs. Our 90-year history and our promising future are being placed into excellent hands,” said Ronald Erickson, Chairman and CEO of Holiday Stationstores Inc.
Brian Hannasch, President and CEO of Alimentation Couche-Tard Inc. said, “The acquisition of Holiday is a great fit for Couche-Tard and will allow us to continue to build on our geographical growth strategy. This acquisition, and the added value it will bring to our existing network of 14,000 stores, confirms our capacity to continue to grow by acquisition all the while targeting continued organic growth through food sales and other key categories.” PWKD12072017