M&A
confidence high
sentiment neutral
materiality 0.75
ARKO Corp. subsidiary to acquire U.S. Petroleum Partners for $235M in cash and stock
ARKO Corp.
- Total consideration: $205M cash at closing plus $30M in APC Class A common stock (est. 1.46M shares based on recent VWAP).
- Acquired assets: two fuel terminals (Novi, MI and Toledo, OH), supply rights to 400+ dealer locations, fleet transporting >80% of volumes.
- Earn-out: additional consideration if EBITDA targets of $31.7M and $2.2M from fuel components met; up to $5M cash recoupment if not.
- Closing subject to HSR waiting period; no financing condition; funded via existing credit lines.
- APC to file registration statement for resale of shares issued to seller.