GRAND RAPIDS, MI - SpartanNash is at it again, announcing that it has entered into an Asset Purchase Agreement with Markham Enterprises, Markham Oil, and its affiliates, a three-store chain of convenience stores and fuel distributors in mid-Michigan.
“Markham Enterprises fits well in our current retail portfolio, as we look to expand our fuel center and convenience store footprint,” said Masiar Tayebi, Executive Vice President and Chief Strategy and Information Officer, SpartanNash. “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.”
Following the closing of this transaction in early December, SpartanNash will continue employment of Markham Enterprises’ 42 team members.
According to a press release, this deal follows the company's acquisition of Fresh Encounter, announced earlier this month.
“Our team is impressed with SpartanNash's business model and the importance they place on their People First culture,” said Denise Markham, President and Chief Executive Officer, Markham. “We are excited for the ways SpartanNash will expand this business and continue to serve the Perry, Howell, and Lansing communities—and our associates.”
The transaction is expected to close in December. Terms of the deal were not disclosed.
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