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Swifty Serve Corp., which operates more than 600 convenience stores on the East Coast, said it reached a deal with Tulsa, Okla.-based Nesco Inc. to develop a minimum of 15 new units.
The deal is valued at about $25 million.
Nesco, a provider of fuel services to the fueling systems industry, has already completed the first of these stores for Swifty Serve in Pensacola, Fla. and expects to have the remaining units built within the next two years.
"We are obviously very pleased to have this agreement with a company of the quality of Swifty Serve," said Eddy Patterson, CEO of NESCO. "Our turnkey service to the owners and operators of convenience stores with fueling facilities continues to expand across the country and offers companies like Swifty Serve one-stop shopping value and consistency of a quality product. Our program allows the customer to use their capital to run their business instead of tying up their funds in real estate."