Transit Energy Group (“TEG”) is a wholesale fuel distribution and retail convenience store business with operations in the southeast United States. In July 2019, ECP formed TEG to own, operate and acquire downstream fuel distribution and retail assets. The company operates a wholesale fuel distribution supply network, freight business, and a network of retail stations across Tennessee, Arkansas, Mississippi and North and South Carolina.
Sep 12, 2022
ARKO continues to work to create value for stockholders and execute its growth strategy, entering into an agreement for the accretive acquisition of approximately 350 wholesale and retail sites, including 150 company-operated convenience stores with growth pipeline; upon closing, the acquisition would expand ARKO’s convenience store footprint into Alabama and Mississippi and is expected to increase total fuel gallons by approximately 285 million predominately branded gallons.
