Couche-Tard expands in Southeast
Canadian convenience store chain Alimentation Couche-Tard announced that it has signed an agreement to purchase 19 stores in Augusta, Ga. from QVS Inc. and Brosious & Holt Properties LLC. The transaction is expected to close at the end of March 2005 and is expected to add sales of about $60 million
to Couche-Tard's revenues and contribute to its earnings on an annualized basis. "Strategically, this acquisition would be an excellent fit with our current network in metropolitan Augusta and would nicely complement our expansion and growth plans in the Southeast Division of the United States," said Robert G. Campau, vice president, operations, Southeast division, in a statement.
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