SpartanNash acquiring Markham Enterprises’ c-stores

Grocer and food supplier SpartanNash, Grand Rapids, Michigan, has entered into an asset purchase agreement with Markham Enterprises, a three-unit chain of convenience stores and fuel distributor in mid-Michigan, to acquire the three stores.

Grocer and food supplier SpartanNash has entered into an asset purchase agreement with Markham Enterprises, Markham Oil and its affiliates, a three-unit chain of convenience stores and fuel distributor in mid-Michigan, to acquire the three stores.

The locations are Road Trip Oasis Sunoco in Perry, Outlet Oasis Marathon in Howell and Dunkel Sunoco in Lansing.

The companies did not disclose the terms of the deal. The companies did not disclose the terms of the deal. They expect the transaction to close in early December. Grand Rapids, Michigan-based SpartanNash will continue employment of Markham Enterprises’ 42 team members.

“Markham Enterprises fits well in our current retail portfolio, as we look to expand our fuel center and convenience-store footprint,” said SpartanNash Executive Vice President and Chief Strategy and Information Officer Masiar Tayebi. “We are in the process of refreshing many of our existing fuel centers, so this acquisition is another exciting milestone in our investment in this part of our business—and in our strategic growth plans overall. We will continue to leverage insights from our fuel centers and convenience stores to continuously innovate our products and operations across our wholesale business, unlocking new customer potential.” 

Related:5 things top news: Kroger, Albertsons merger hits a snag

“Our team is impressed with SpartanNash’s business model and the importance they place on their ‘people first’ culture,” said President and CEO Denise Markham of Howell, Michigan-based Markham Enterprises. “We are excited for the ways SpartanNash will expand this business and continue to serve the Perry, Howell and Lansing communities—and our associates.”

NRC Realty & Capital Advisors LLC, Chicago, represented Markham Enterprises Inc. and its affiliates in this transaction.

SpartanNash operates two complementary business segments—food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms and U.S. military commissaries and exchanges. SpartanNash operates 147 grocery stores, primarily under the banners of Family Fare, Martin’s Super Markets, and D&W Fresh Market, in addition to pharmacies and fuel centers. It owns 36 convenience stores under a variety of retail brands.

Related:5 things top news: Kroger, Albertsons make key moves for merger