---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-005711"
form_type: "8-K"
ticker: "ARKO"
cik: "0001823794"
company_name: "ARKO Corp."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T15:50:54.518367+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ARKO Corp. completes $370M acquisition of Transit Energy Group, adding 135 stores

## Summary
- Acquired ~135 company-operated convenience stores and fuel supply rights to ~190 independent dealer locations in the Southeast.
- Total purchase price ~$370M plus inventory; $50M deferred in two $25M annual payments (cash or ARKO stock).
- ARKO financed ~$90M from own sources; Oak Street funded ~$258M for real estate, which ARKO now leases.
- Expands ARKO's retail footprint into Alabama and Mississippi; 23rd acquisition since 2013.
- Acquisition includes transportation business with 58 trucks and 78 tanker trailers.

## SEC filing metadata
- accession: 0000950170-23-005711
- form_type: 8-K
- ticker: ARKO
- cik: 0001823794
- company_name: ARKO Corp.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823794/000095017023005711/0000950170-23-005711-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823794/000095017023005711/arko-20230301.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-005711
- JSON: https://secwatch.observer/filing/0000950170-23-005711.json
- Plain text: https://secwatch.observer/filing/0000950170-23-005711.txt

## Key facts
- M&A Transactions
  ARKO Corp. completed an acquisition involving Transit Energy Group, LLC for approximately $370 million (closed 2023-03-01).
  - Action: acquisition
  - Counterparty: Transit Energy Group, LLC
  - Consideration: approximately $370 million
  - Closing: 2023-03-01
  source text: a commercial, government and industrial business, including certain bulk plants, and (iv) certain distribution and transportation assets. The purchase price was approximately $370 million, as adjusted in accordance with the terms of the Purchase Agreement, plus the value of inventory on the Closing Date (the “Purchase Price”). As previously reported, a portion of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823794/000095017023005711/0000950170-23-005711-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.