Stewart’s Shops Finalizes Purchase of Jolley Convenience Store Chain
ALBANY, N.Y. (NEWS10) — Stewart’s Shops announced on Wednesday that the company’s acquisition of the Jolley Associates convenience store chain was completed on December 16.
About the Acquisition
The purchase, which was first announced back in September, included Jolley’s affiliates, which are S.B. Collins, a gasoline and diesel provider, and Clarence Brown, a heating oil business.
New Stores and Employees
The deal adds 45 stores to Stewart’s chain, with 38 in Vermont, two in New Hampshire, and five throughout New York between Queensbury, Lake George, Clifton Park, and Plattsburgh. The final terms of the transaction have not been publicly disclosed.
All Jolley locations will gradually be rebranded as Stewart’s Shops stores over the coming months. Over 450 Jolley employees will be incorporated into Stewart’s workforce, bringing Stewart’s to over 5,500 workers across what will now be 406 total stores.
Quote from the CEO
“This acquisition brings together longtime family businesses that care deeply about the communities in which we operate,” said Chad Kiesow, Chief Operating Officer of Stewart’s Shops. “This opportunity not only allows us to enter new markets, it allows us to complement Jolley’s brand by introducing products that Stewart’s is very proud of.”
Conclusion
The acquisition of Jolley Associates convenience store chain marks a significant expansion for Stewart’s Shops, adding 45 new locations and over 450 new employees to its workforce. The company is committed to integrating the Jolley brand and products into its own operations, while maintaining the high level of service and quality that customers have come to expect from both companies.
Frequently Asked Questions
Q: How many stores did Stewart’s Shops acquire from Jolley Associates?
A: 45 stores
Q: Where are the new stores located?
A: 38 stores in Vermont, 2 in New Hampshire, and 5 in New York (Queensbury, Lake George, Clifton Park, and Plattsburgh)
Q: How many employees will be incorporated into Stewart’s workforce?
A: Over 450 Jolley employees
Q: What are the final terms of the transaction?
A: The final terms of the transaction have not been publicly disclosed
