Allen & Overy extends relationship with EG Group, advising on acquisition of Cumberland Farms
23 October 2019
With Cumberland Farms, EG Group extends its presence in the United States to a total of nearly 1,700 stores, operating in 30 states and retailing over 2.5 billion gallons of fuel with merchandise sales of more than USD3 billion on an annualized basis. Previously, Allen & Overy advised EG Group on its 2018 acquisition of the convenience store business unit from The Kroger Co. (“Kroger”) (NYSE:KR) for USD2.15 billion.
“We are grateful for our long-term relationship with EG Group, and pleased we could partner with the Company as it achieves yet another milestone in building its leading presence across North America,” said Allen & Overy partner Bill Schwitter. “These are two excellent businesses with a shared vision and great potential for growth, and we look forward to supporting the execution of that vision.”
Founded in 2001 by the Issa Family, United Kingdom based EG Group is a leading, independent fuel station and convenience retailer. EG Group has established partnerships with premium brands across its product and service offerings, creating a one stop retail destination for consumers with a diversified portfolio of sites across Europe, Australia and North America.
The Allen & Overy team advising EG Group was led by partners Bill Schwitter and Jeff Pellegrino and senior counsel Beth Troy in New York. The team was supported by Elaine Johnston and Puja Patel (Antitrust), Ken Rivlin, Maria Christopher Bell, Tracy French and Nick Ognibene (Environmental & Regulatory), Brian Jebb and David Golubuck (Employment), Dave Lewis, Brian Schultz and Dustin Plotnick (Tax), Keren Livneh and Kyle Coogan (IP), and Mark Sorensen, Joseph Bolognese and Joseph Doll (M&A).
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