News & Insights


DEG advised on the Earnheart Oil sale: wholesale, lubricants and transportation assets to Fleet Fuels, and seven Oklahoma c-stores to Perfect Food & Gas.

July 9, 2026 | Press Releases

DEG Announces Sale of Earnheart Oil’s Retail, Wholesale, and Transportation Assets

Enid, OK – Downstream Energy Group (“DEG”) is pleased to announce that it served as the exclusive sell-side advisor to Earnheart Oil, Inc. and its related entities (collectively, “Earnheart” or the “Company”) in the sale of its integrated retail, wholesale, and transportation portfolio. In a multi-party transaction, the Company’s wholesale fuels, lubricants, and transportation assets…

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The DEG Market Pulse Q1 2026 report cover, a quarterly convenience store EBITDA multiples and M&A update

June 23, 2026 | Insights Publications

The DEG Market Pulse – Q1 2026

A quarterly read on the mid-market c-store deal market. Most M&A reports are built for the big chains. They follow the national players, quote headline multiples, and assume you’ve got a corporate development team reading along. This issue of the Market Pulse covers the Q1 2026 c-store deal market for the operators those reports skip….

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The 5 pillars of c-store succession planning from the Downstream Energy Group readiness guide

March 17, 2026 | Insights

Is Your C-Store Business Ready for What Comes Next?

Most operators don’t find out until it’s too late. Here’s how to get ahead of it. C-store succession planning starts years before a sale — here’s how to know where you stand. “My family and I built Griffin Express from one location to seventy. When we finally made the decision to sell, I thought we…

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February 17, 2026 | Press Releases

Lease-Tenant Opportunity

Attention multi-store operators! We are partnering with an investor group to launch a fresh food and beverage concept designed specifically to operate as a long-term tenant at independent fuel locations. We are looking to partner with independent fuel retailers to bring a quality coffee and food-to-go program to market—think specialty coffee, fresh grab-and-go meals, and…

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