Alimentation Couche-Tard To Acquire GetGo Café +Markets
Alimentation Couche-Tard Inc. has reached a definitive agreement to acquire GetGo Café +Markets from supermarket retailer Giant Eagle, Inc.
With approximately 270 convenience stores and fueling stations across Pennsylvania, Ohio, West Virginia, Maryland, and Indiana. GetGo has a variety of models – from open-concept stores to stand-alone kiosks and features an extensive menu of made-to-order foods. As part of this transaction, Couche-Tard and Giant Eagle have agreed to maintain and partner together on Giant Eagle's myPerks loyalty program.
"We are excited to welcome GetGo into the Couche-Tard family,” said Brian Hannasch, President and Chief Executive Officer of Couche-Tard. “As we learn more about the GetGo business, it is clear that it has built a strong and passionate customer base with high-quality stores staffed by talented and engaged teams working to deliver a great experience. We have deep respect for its management and people and its outstanding food and loyalty programs.”
"We are energized by the potential for both Giant Eagle and GetGo as a result of this transaction," added Bill Artman, CEO of Giant Eagle. "This enhances our focus on our core supermarket and pharmacy businesses, strengthening Giant Eagle and better enabling us to make strategic investments in our people, stores, and value proposition while matching GetGo with the perfect partner in Couche-Tard. Their depth of experience in convenience stores and fuel will create tremendous opportunities for our team members and customers, and we look forward to partnering with them on the myPerks loyalty program."
The acquisition is expected to close in calendar year 2025 subject to standard regulatory approval and closing conditions and will be financed using the company's available cash and/or existing credit facilities, including its U.S. Commercial Paper Program. The companies are not disclosing the financial terms of the transaction.
