Laval, Quebec, Canada – August 19, 2024 – Alimentation Couche-Tard Inc., a global leader in convenience and mobility, today announced that it has entered into a definitive agreement to acquire GetGo Café +Markets from supermarket retailer Giant Eagle, Inc. BB No.: 104280
GetGo, an innovative convenience store that puts food at its core, employs approximately 3,500 people and operates approximately 270 convenience retail and gas station locations in Pennsylvania, Ohio, West Virginia, Maryland and Indiana. GetGo offers a variety of models – from open concept stores to standalone kiosks – and features an extensive selection of high-quality, made-to-order groceries.
As part of this transaction, Couche-Tard and Giant Eagle have agreed to continue and collaborate on Giant Eagle’s highly popular myPerks loyalty program.
“We are excited to welcome GetGo to the Couche-Tard family. The more we learn about GetGo’s business, the more it becomes clear that it has built a strong and passionate customer base with high-quality stores where talented and dedicated teams work to deliver a great experience. We have great respect for their management and employees, as well as their amazing food and loyalty programs. We look forward to growing together as we learn from and continue to build on GetGo’s innovative approaches to serving its local customers and communities,” said Brian Hannasch, President and CEO of Couche-Tard.
“We are excited about the potential this transaction brings for both Giant Eagle and GetGo,” added Bill Artman, CEO of Giant Eagle. “It will allow us to focus more on our core supermarket and pharmacy businesses, strengthen Giant Eagle and better make strategic investments in our people, stores and value proposition, while providing GetGo with the perfect partner in Couche-Tard. Their extensive experience in the convenience store and gas station sectors will create tremendous opportunities for our employees and customers, and we look forward to working with them on the myPerks loyalty program.”
The acquisition is expected to close in calendar year 2025, subject to customary regulatory approvals and closing conditions. Financing will be provided through the Company’s available cash and/or existing credit facilities, including its U.S. commercial paper program. The companies are not disclosing financial terms of the transaction.
About Alimentation Couche-Tard Inc.
Couche-Tard is a global leader in convenience and mobility. The company is present in 31 countries and territories with more than 16,700 stores, of which approximately 13,100 offer on-road fuel. With its well-known Couche-Tard and Circle K brands, the company is one of the largest independent convenience store operators in the United States and a leader in the convenience store industry and on-road fuel retail in Canada, Scandinavia, the Baltics, Belgium and Ireland. The company also has a strong presence in Luxembourg, Germany, the Netherlands, Poland and the Hong Kong Special Administrative Region of the People’s Republic of China. Its entire network employs approximately 149,000 people.
Further information on Alimentation Couche-Tard Inc. as well as the audited consolidated financial statements, the unaudited preliminary consolidated financial statements and the management report can be found at: https://corpo.couche-tard.com
For more information about Giant Eagle, visit: https://www.gianteagle.com/
For more information about GetGo, visit: https://www.getgocafe.com/
Contacts:
Questions from investors – Investor Relations:
Mathieu Brunet, Vice President, Investor Relations & Treasury
Tel: (450) 662-6632, extension 4362
[email protected]
Questions from the media – Media Relations:
Lisa Koenig, Head of Global Communications
Tel: (450) 662-6632, extension 6611
[email protected]
