DEG Announces Sale of Toledo-Based PS Food Mart Assets

Homer, MI – Downstream Energy Group (“DEG”) is pleased to announce that it served as the exclusive sell-side advisor to Toledo 76, Inc. (“PS Food Mart”) in the divestiture of eight (8) convenience store assets in the Toledo, Ohio market to S&G Convenience Stores.

Founded in the 1920s by the Folk family, PS Food Mart is a respected, family-run convenience store operator with more than forty (40) locations across South Central Michigan and Northern Ohio. Under the leadership of Richard Folk, the company built a strong reputation as a best-in-class retail operator.

This transaction involved only eight Toledo-area stores, representing a strategic divestment as part of PS Food Mart’s broader portfolio optimization plan. The sale enables the company to right-size its portfolio, sharpen its geographic focus, and reallocate resources to accelerate long-term growth and continued investment across its core Michigan markets.

DEG provided exclusive merger and acquisition advisory services to PS Food Mart. DEG is a leading M&A advisory firm providing services to middle market companies within the downstream energy sector and is comprised of professionals who have decades of experience as both owner/operators and strategic financial advisors to energy companies.

In its role as M&A advisor, DEG performed a strategic review of the company including the following: 1) valuation services; 2) development, implementation and execution of a competitive sales process; and 3) negotiation of a definitive asset purchase agreement.

“S&G Convenience Stores is acquiring high-quality retail assets that align well with its expanding footprint,” said Jeff Traub, Partner at DEG. “Richard Folk and his team have built an exceptional company, and it has been a privilege to represent them in this transaction.”

About Downstream Energy Group

Downstream Energy Group is an independent, privately held advisory team providing national mergers & acquisitions (M&A) and strategic advisory services in the energy sector. We specialize in the sale of gas & convenience, wholesale bulk distribution (fuel & lubes), propane, and petro-transportation companies. We work with both jobbers and the larger consolidators to accomplish such transactions. Our team uniquely understands your business through our years of direct operating experience managing both fully-integrated wholesale and retail gas & convenience operations. More information can be found at www.degadvisors.com.

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