7-Eleven to acquire 188-store Wilson Farms
Dallas -- 7-Eleven has signed an agreement to purchase Wilson Farms, a Buffalo-based convenience store chain with 188 locations in New York State, with an expected closing in the second quarter. Terms of the deal were not disclosed.
The addition of Wilson Farms significantly increases 7-Eleven's presence in the western New York area. Post closing, 7-Eleven will assume responsibility for all Wilson Farms locations and personnel from the WFI Group, which is led by Bruckmann, Rosser, Sherrill & Co., a private-equity firm, and the Nanula Family, which together have managed the stores since 2005.
7-Eleven will invest in remodeling the stores. Local contractors will be hired for the remodeling program to begin later this year. Additionally, the company will introduce its proprietary retail information system to the Wilson Farms stores.