secwatch.observer — SEC 8-K summary
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Issuer:     ARKO Corp. (ARKO)
CIK:        0001823794
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0000950170-22-026177
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ARKO completes $230M acquisition of Pride Convenience, adds 31 stores in Northeast
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- Total purchase price ~$230M plus inventory; ARKO funded ~$30M cash, Oak Street funded ~$202M via real estate leaseback.
- Adds 31 convenience stores, expanding ARKO's footprint into Massachusetts (34th state) and Northeast region.
- Expected annual run-rate Adjusted EBITDA ~$12.2M, with incremental annual rent of ~$12.2M to Oak Street.
- Acquisition is ARKO's 22nd since 2013, consistent with disciplined, accretive growth strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823794/000095017022026177/0000950170-22-026177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823794/000095017022026177/arko-20221206.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-026177

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