Couche-Tard to acquire GetGo convenience stores from Giant Eagle

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Alimentation Couche-Tard, a Canadian operator of convenience stores, has announced an agreement to acquire GetGo Café + Market from US-based supermarket chain Giant Eagle.

GetGo operates around 270 convenience and filling stations across five states: Pennsylvania, Ohio, West Virginia, Maryland and Indiana. The business employs approximately 3,500 people and offers a diverse range of convenience store models, including open-concept stores and kiosks, with a focus on made-to-order foods.

The deal will see Couche-Tard and Giant Eagle maintain a partnership on Giant Eagle's myPerks loyalty programme.

Brian Hannasch, president and CEO of Couche-Tard, said: "We are excited to welcome GetGo into the Couche-Tard family. As we learn more about the GetGo business, it is clear that it has built a strong and passionate customer base with high-quality stores staffed by talented and engaged teams working to deliver a great experience."

"We have deep respect for its management and people as well as its outstanding food and loyalty programmes. We look forward to growing together as we learn from and continue GetGo's innovative approaches to serving its local customers and communities."

Bill Artman, CEO of Giant Eagle, added: "We are energised by the potential for both Giant Eagle and GetGo as a result of this transaction. This enhances our focus on our core supermarket and pharmacy businesses, strengthening Giant Eagle and better enabling us to make strategic investments in our people, stores and value proposition while matching GetGo with the perfect partner in Couche-Tard."

"Their depth of experience in convenience stores and fuel will create tremendous opportunities for our team members and customers, and we look forward to partnering with them on the myPerks loyalty programme."

The transaction, expected to close in 2025, is subject to regulatory approval. Financial terms have not been disclosed.

Last week, Seven & I, the parent company of convenience store giant 7-Eleven, announced that it had received a preliminary takeover offer from Couche-Tard.