EG Group has expanded its presence in the US with the acquisition of 54 Fastrac Markets forecourt stores.
The deal takes the number of sites operated by EG Group, formerly Euro Garages, in the US to 1,042 after it secured two major deals last year, including the acquisition of a 762-site business from Kroger. It has established its US HQ as Cincinnati and operates across 24 states.
Fastrac operates in New York State and has over 500 employees.
“For the past 18 years, we have had a vision of becoming a leading gas station/convenience store operator around the world,” said EG Group founder and co-CEO Zuber Issa.
“This is another exciting addition to the US portfolio as we continue on our growth journey. We all look forward to welcoming the talented colleagues at Fastrac into the EG Group family and will work together to provide customers with an even better retail experience by expanding our convenience store proposition.”
The transaction is subject to regulatory approval.