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ARKO Corp. Closes its 21st Acquisition with the Purchase of one the Largest Fleet Fueling Cardlock Operators on the U.S. East Coast

Globe Newswire - Mon Jul 25, 2022

RICHMOND, Va., July 25, 2022 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO”, the “Company” or “we”), one of the largest convenience store operators and fuel wholesalers in the United States, announced today that GPM Investments, LLC, (“GPM”) a wholly owned subsidiary of ARKO, acquired from Quarles Petroleum, Incorporated (“Quarles”) certain assets (the “Quarles Acquisition”), including 121 proprietary Quarles-branded cardlock sites, management of 63 third party cardlock sites for fleet fueling operations, 46 independent dealer locations, including certain lessee-dealer sites, and a small transportation fleet.

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