What's Happening?
Monfort Cos. has decided to exit the convenience-store industry, selling its petroleum marketing and convenience retail assets to multiple buyers. The company, which once operated around 80 convenience stores across Colorado, Minnesota, Oklahoma, Texas,
and Wisconsin, has been divesting its stores since 2023. Buyers include 7-Eleven Inc., Kent Kwik Convenience Stores, Azan Petro, and Diamond Jubilee Oil LLC. The specific number of stores sold to each buyer and the timing of these transactions remain unclear. Monfort Cos. was ranked No. 90 on CSP’s 2025 Top 202 ranking of U.S. convenience-store chains by store count. The company, founded in 1930, has historically invested in commercial real estate, entertainment venues, and multisite retail. In 2013, Monfort expanded into the convenience-store industry, acquiring and operating various locations across several states.
Why It's Important?
The exit of Monfort Cos. from the convenience-store industry marks a significant shift in the market dynamics, potentially affecting local economies and employment in the regions where these stores operated. The sale to major players like 7-Eleven and Kent Kwik could lead to increased competition and consolidation in the convenience-store sector. This move allows Monfort to redeploy capital into other investment areas, which could influence regional economic development. The involvement of Matrix Capital Markets Group in advising Monfort highlights the importance of strategic financial planning in large-scale business transitions.
What's Next?
Monfort Cos. plans to redeploy the capital from these sales into new growth opportunities, although specific areas of investment have not been disclosed. The buyers, including 7-Eleven and Kent Kwik, may focus on integrating these new locations into their existing operations, potentially leading to changes in store branding and management. The broader convenience-store industry may see further consolidation as other companies consider similar strategic exits or expansions.
