Couche-Tard and Giant Eagle Team Up: Acquisition of GetGo Convenience Stores

A Strategic Partnership for Expansion

In a groundbreaking move, Alimentation Couche-Tard (ATD), under its Circle K brand, will acquire the GetGo Café + Market stores from Giant Eagle.

This acquisition solidifies Couche-Tard's position in the convenience store industry, expanding its reach and strengthening its brand.

Details of the Transaction

The acquisition includes the purchase of approximately 270 GetGo stores:

• Located primarily in Pennsylvania, Ohio, and West Virginia
• Operated by around 3,500 employees

Couche-Tard and Giant Eagle have agreed to collaborate on various aspects of the business, including:

• Maintaining GetGo's strong brand presence
• Developing joint marketing initiatives

Benefits of the Acquisition

The acquisition is expected to bring numerous benefits to both companies:

For Couche-Tard:

• Expansion of its footprint in key markets
• Reinforcement of its Circle K brand
• Strengthening of its fuel and convenience operations

For Giant Eagle:

• Divestiture of a non-core asset
• Focus on its core grocery business
• Unlocking value for shareholders

Industry Impact

Industry experts believe this acquisition will have a significant impact on the convenience store landscape:

• Increased competition in the region
• Consolidation within the industry
• Elevation of customer convenience

Additional Information and Sources

For more information on the acquisition, please refer to the following sources:

• Press Release from Couche-Tard
• Stock Information from The Globe and Mail
• Couche-Tard Website
• Giant Eagle Website
• GetGo Café + Market Website