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LAVAL, Quebec -- Alimentation Couche-Tard Inc., operator of more than 1,800 convenience stores in Canada and the United States, reached an agreement to acquire a network of 12 convenience stores from the Bruce Miller Oil Co. in Indiana and Ohio. Terms of the deal were not disclosed.
The deal continues ACT's growth in the U.S. market. The Canadian chain last year acquired 227 convenience stores in the Midwest from Johnson Oil Co. This new deal increases ACT's presence in the Midwest to nearly 240 stores operating mainly under the Bigfoot banner.
"We are pleased with this opportunity, which allows us to further penetrate the U.S. Midwest by acquiring a regional network with over 50 years of experience in the petroleum business," said Alain Bouchard, chairman and chief executive of ACT. "Bruce Miller founded the company in 1952 as a Shell jobber and gained solid expertise in this market. Consistent with our strategy, we are pursuing our expansion in the United States and remain on the lookout for any opportunity matching our growth objectives."
The deal is scheduled to close by the end of April.