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KIHEI, Hawaii -- Privately held Goose's Edge, Inc., operator of a chain of gas station/convenience stores headquartered here, expanded its business with a 12th location in Kona, Hawaii, Pacific Business News reported.
The store, a Queen K Chevron, was owned by Albert and Shirley Akana. The purchase price was not disclosed. Once the transaction closes on Feb. 1, the gas station will be rebranded as Tesoro.
The deal was in the works for two years, according to Al Gustavson, president of Goose's Edge.
"I've been in this business 30 years and this is the best station I've ever seen," he told the paper. "It's a monster store." The stores' success comes from its prime location near the harbor.
The acquisition brings Goose's Edge locations to 12 across four islands -- one on Kauai, five on Oahu, two on Maui and four on the island of Hawaii. Goose's Edge stations sell Tesoro and Shell branded fuel and employs approximately 150 people and sees average annual sales of more than $50 million, the report stated.