secwatch.observer — SEC 8-K summary
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Issuer:     ARKO Corp. (ARKO)
CIK:        0001823794
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0000950170-22-019874
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ARKO Corp. to acquire Pride Convenience Holdings for ~$230M plus inventory; expands into Massachusetts
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- Purchase price ~$230M plus inventory value; ~$28M from ARKO cash, ~$202M from Oak Street via sale-leaseback.
- Pride operates 31 convenience stores in Northeast, including 2 Travel Centers and City Stop locations.
- Deal expected to add ~$12.2M annual run-rate Adjusted EBITDA after ~$12.2M incremental rent to Oak Street.
- Combined with TEG acquisition, ARKO adds ~181 stores (~15% growth); now operates in 34 states.
- Closing subject to customary conditions; no financing contingency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823794/000095017022019874/0000950170-22-019874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823794/000095017022019874/arko-20221019.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019874

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer