M&A
confidence high
sentiment neutral
materiality 0.50
ARKO Corp files financials for Transit Energy Group acquisition
ARKO Corp.
- Audited TEG financials filed for years ended Dec 31, 2021 and 2020; unaudited for nine months Sep 30, 2022.
- TEG 2021 revenue $670M, net income $1.9M; 2020 net loss $22.1M on revenue $314M.
- TEG total assets $200M at Dec 31, 2021; operates 301 locations in SE US.
- Pro forma condensed combined financials also filed for 2021 and nine months 2022.