secwatch.observer — SEC 8-K summary
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Issuer:     ARKO Corp. (ARKO)
CIK:        0001823794
Form:       8-K
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0000950170-22-026116
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ARKO Corp. agrees to acquire WTG Fuels assets for ~$140.4M, expanding in Texas/New Mexico
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- Total consideration ~$140.4M plus inventory; ARKO funds ~$25.4M, Oak Street funds ~$115M via sale-leaseback.
- Acquisition includes 24 Uncle's stores, 57 GASCARD cardlock sites, 52 private cardlock sites, and other assets.
- Expected to add ~$10.6M Adjusted EBITDA annually, after ~$6.9M annual rent to Oak Street.
- Fourth acquisition of 2022; combined with Pride and TEG, adds ~15% to store count (over 200 stores).
- WTG sold ~85M gallons in FY2021; ARKO's fleet fueling sites to grow from 183 to >290.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823794/000095017022026116/0000950170-22-026116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823794/000095017022026116/arko-20221206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026116

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