SpartanNash has entered into an asset purchase agreement with Markham Enterprises, Markham Oil and its affiliates, a three-store chain of convenience stores and fuel distributor in mid-Michigan.
Following the closing of this transaction in early December, SpartanNash will continue to employ Markham Enterprises’ 42 workers.
The deal follows the company’s acquisition of Fresh Encounter Inc., a 49-store supermarket chain serving Ohio, Indiana and Kentucky that operates under the retail store banners Community Markets, Remke Markets, Chief Markets and Needler’s Fresh Market. That deal is expected to close in late November.
“Markham Enterprises fits well in our current retail portfolio, as we look to expand our fuel center and convenience store footprint,” said Masiar Tayebi, SpartanNash’s EVP and chief strategy and information officer.
“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.”
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Markham President and CEO Denise Markham heralded the news.
“Our team is impressed with SpartanNash’s business model and the importance they place on their ‘People First’ culture,” she said. “We are excited for the ways SpartanNash will expand this business and continue to serve the Perry, Howell and Lansing communities – and our associates.”
Terms of the deal were not disclosed. It is expected to close in December, subject to customary closing conditions.
