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MASON CITY, Iowa — BW Gas & Convenience Holdings LLC is purchasing six Kum & Go LC stores here. The transaction is expected to close in the spring.
Kristie Bell, director of communications for Kum & Go, told the Globe Gazette that the West Des Moines, Iowa-based convenience store retailer wanted to divest itself of some properties, while BW Gas is expanding. BW Gas is an affiliate of Brookwood Financial Partners LLC, a real estate investment and asset management company.
She added Beverly, Mass.-based BW Gas intends to retain all Kum & Go employees.
“We are in the process of acquiring the stores,” Brookwood’s Jayne M. Rice told the news outlet. “We are doing our due diligence and nothing is final yet.”
The six Mason City Kum & Go c-stores currently in the process of being sold are located at:
- 1303 Fourth St. SW
- 637 12th St. NE
- 1224 N. Federal Ave.
- 418 S. Federal Ave.
- 1920 S. Federal Ave.
- 1465 Fourth St. NE
According to BW Gas, it intends to purchase between 600 and 1,000 convenience stores with gas in select regions of the United States during the next several years.