News & Announcements

ARKO / GPM Expands to Almost 3,000 Combined Company Operated and Wholesale Sites Across 33 States

Company Closes Acquisition of Empire Petroleum, Which Provides a Scaled Wholesale Platform and Diversifies Strong Cash Flow Profile

Positions Arko, Which Recently Entered into a Definitive Agreement for a Business Combination with Haymaker Acquisition Corp. II (Nasdaq: HYAC), for Strong Growth Trajectory

RICHMOND, VA, October 7, 2020 – ARKO Holdings, Ltd. / GPM Investments, LLC (“Arko,” “GPM” or the “Company”), a rapidly growing leader in the U.S. convenience store industry, today announced the closing of the previously announced acquisition of Empire Petroleum Partners’ (“Empire”) fuel distribution business and retail locations. The acquisition meaningfully increases GPM’s scale and diversifies its business mix, while significantly increasing the Company’s cash flow through increased exposure to a highly ratable, consistent wholesale fuel distribution business, and brings its total site count to approximately 3,000 across 33 states.

Flagship Communities Real Estate Investment Trust Completes US$93.75 Million Initial Public Offering

Toronto, Ontario, October 7, 2020 – /CNW/ – Flagship Communities Real Estate Investment Trust (the “REIT”) (TSX:MHC.U) announced today that it has completed its initial public offering of 6,250,000 trust units (the “Units”) at a price of US$15.00 per Unit (the “Offering”). The Offering raised gross proceeds of US$93,750,000. The Units will begin trading on the Toronto Stock Exchange today under the symbol “MHC.U”.

Safe Harbor Marinas Announces Merger Agreement with Sun Communities, Inc.

(DALLAS) September 29, 2020 – We are pleased to announce that Safe Harbor Marinas has entered into a definitive merger agreement with Sun Communities, Inc. (NYSE: SUI) and one of its subsidiaries in a transaction for cash and SUI equity valued at $2.11 billion.

Unison Energy Announces Substantial Equity Commitment from American Infrastructure Funds

Positions Unison for Significant Growth and Expansion of its Customer Base within the Rapidly Growing Combined Heat and Power/Distributed Generation Sector

September 25, 2018 11:00 AM Eastern Daylight Time

MAMARONECK, N.Y.--(BUSINESS WIRE)--Unison Energy LLC (“Unison”) announced today that American Infrastructure Funds (“AIM”), a private investment firm, has acquired a controlling interest in the company and committed up to $150 million of equity capital, alongside minority investor Hunt Companies, Inc. (“Hunt”), to accelerate the growth of the business.

AT&T and CitySwitch Sign Deal for Building and Leasing New Cell Towers Beginning in 2018

DALLAS, Texas, April 23, 2018

AT&T* and CitySwitch signed an agreement for building new cell towers to‐suit based on future wireless network needs. CitySwitch will begin tower construction plans as early as the second half of 2018 and will lease completed sites to AT&T.

These new structures will add to the overall communications infrastructure in the U.S. and fulfill the need for new locations where towers don’t exist today. The agreement also gives AT&T the opportunity to relocate equipment from existing infrastructure currently with other landlords.

Empire Petroleum Partners Announces Definitive Asset Purchase Agreement With Circle K Stores Inc. and CST Brands, Inc.

Dallas, TX, June 27, 2017

Transaction to Significantly Expand Geographic Footprint

Increased Scale and Synergies to Drive Highly Competitive Pricing and Cost Savings

Reinforces Position as a Leading U.S. Wholesale Motor Fuels Distributor       

Empire Petroleum Partners, LLC ("Empire," "the company"), a leading motor fuels wholesale distributor and distribution services provider to top gasoline brands, announced today that the company has entered into a definitive asset purchase agreement with Circle K Stores Inc. and CST Brands, Inc. to acquire 70 Corner Store gas stations. The acquisition of these Corner Store locations will expand Empire's geographic reach in the U.S., adding to its presence in six states where the company has existing operations, including Colorado, Florida, Georgia, Louisiana, New Mexico and Texas, as well as new entrance into the state of Arizona. The accretive transaction positions Empire to capture synergies by leveraging increased scale and improved operating efficiencies to drive highly competitive pricing and cost savings for the company's growing dealer network. The transaction is expected to be completed during the summer of 2017.

Safe Harbor Marinas Announces Acquisition of Brewer Yacht Yard Group

Dallas, TX, January 23, 2017

Combined company will be the largest owner and operator of marinas with 63 properties across 17 states

Safe Harbor Marinas ("Safe Harbor") today announced that it has acquired Brewer Yacht Yard Group ("Brewer"), the iconic marina company led by industry veteran Jack Brewer. The transaction makes Safe Harbor the largest owner and operator of marinas in the world with 63 properties housing over 30,000 members' boats. The financial details of the transaction were not disclosed.

Empire Petroleum Partners Announces Acquisition of Distribution Contracts From Sunshine Fuel

Dallas, TX, September 26, 2016

Empire Petroleum Partners, LLC (“Empire”) announced today that it successfully acquired the Missouri, Oklahoma, and a portion of the Kansas wholesale distribution rights of Sunshine Fuel, LLC. (“Sunshine”), a Florida based distributor that supplies branded fuel to gas stations primarily in the Kansas City market as well as other Missouri and Oklahoma locations. The sale was coordinated by NRC Realty & Capital Advisors, LLC of Chicago, Illinois.

American Education Properties Acquires Three School Facilities from American Charter Development for $19.1 Million

Portland, OR, August 10, 2016

American Education Properties (AEP), the facilities arm of Charter School Capital, the nation’s leading provider of funding for charter schools, including growth capital and facilities financing, announced today that it has acquired three charter school facilities from American Charter Development (ACD) for $19.1 million. Charter school facilities acquired include St. Cloud Preparatory Academy and San Jose Academy and Preparatory High School in Florida for $10.3 million and $3.9 million, respectively, and High Point Academy in Texas for $4.9 million. Under the terms of the deal, AEP will assume the current lease terms for all of the schools and will invest in facilities improvements and additions at two of the three properties.

Tunnel Hill Partners Completes Combination with City Carting to Create One of the Largest Integrated Waste Companies

Expands footprint in disposal-constrained Northeast and increases scale of operations

Realizes a larger, more diversified customer base with predictable recurring cash flows

Increases overall percentage of municipal waste managed by Company

Jericho, NY and Stamford, CT; June 6, 2016

Tunnel Hill Partners is pleased to announce that the combination with the Connecticut and Somers, New York operations of City Carting Holding Company closed on June 3rd.  The transaction had been unanimously approved by both companies’ Boards of Directors.

Leading Marina Companies Unite To Form Safe Harbor Marinas

Dallas, TX, January 25, 2016

Safe Harbor Marinas made its formal debut as the largest owner and operator of marinas in the country at the International Marina & Boatyard Conference in Fort Lauderdale.  Safe Harbor, which formed last year and is backed by American Infrastructure MLP Funds, announced that it recently completed acquisitions from four marina owners and operators and has plans to aggressively grow through future acquisitions.  

Tunnel Hill Partners Named to Inc. 5000 Fastest Growing Companies List

Jericho, NY, August 13, 2015

Inc. Magazine ranked Tunnel Hill Partners No. 1934 on its 34th annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 5000.

Program Helps Charter Schools Fund Space Needs Amid Rising Bay Area Rents

May 1, 2015

A competitive real estate market, particularly in the Bay Area, has public charter schools scrambling for affordable space.  But a $500 million facilities financing program launched last year by Oregon-based Charter School Capital in partnership with Foster City-based private investment firm American Infrastructure MLP Funds aims to address long-term space needs of charters, many of which are growing in student population.

American Education Properties Announces $4 Million Facilities Deal to Ensure Quality Education at CASSA

Portland, OR, January 24, 2015

We are excited to announce that American Education Properties (AEP) has acquired Cleveland Arts and Social Sciences Academy’s (CASSA) building in a transaction worth approximately $4 million. This investment ensures that CASSA will continue to provide quality education to its 330 K-8 students, today and into the future.

Empire Petroleum Announces Strategic Merger with the Retail Dealer Business of Atlas Oil Company

Dallas, TX, January 12, 2015

Empire Petroleum Partners, LLC (“Empire”) and Atlas Oil Company (“Atlas”) announced today that they have combined their retail dealer businesses to create a powerful, national fuel distributor. The combined entity will service 1,350 accounts in 29 states and distribute nearly 1 billion gallons of fuel annually. The addition of the Atlas retail business significantly enhances Empire’s fuel volumes while strengthening its relationships with its branded partners, including Marathon, ConocoPhillips, Citgo and BP.

Landmark Infrastructure Partners LP Prices Initial Public Offering

El Segundo, CA, November 13, 2014

Landmark Infrastructure Partners LP (Nasdaq:LMRK) (the "Partnership") announced today the pricing of its initial public offering of 2,650,000 common units representing limited partner interests in the Partnership ("Common Units") at $19.00 per Common Unit. The underwriters have a 30-day option to purchase from the Partnership up to 397,500 additional Common Units at the $19.00 per Common Unit price. The Common Units are expected to begin trading on the NASDAQ Global Market on November 14, 2014 under the ticker symbol "LMRK." The offering is expected to close on or about November 19, 2014.

Empire Petroleum Announces the Acquisition of Mansfield Oil Company's Retail Dealer Business and the Formation of a Strategic Growth Partnership

Dallas, TX, September 24, 2014

Empire Petroleum Partners, LLC (“Empire”) announced today that it has acquired the retail dealer business of Mansfield Oil Company of Gainesville, Inc. (“Mansfield”), which represents approximately 6% of Mansfield total fuel sales, and has merged its retail dealer operations into Empire effective September 25, 2014. Additionally, Mansfield will become a partner and will retain an ownership stake in Empire. The combination of Empire and Mansfield will create a powerful, national dealer-focused fuel distributor which services over 1,100 accounts in 26 states in the continental United States. The addition of Mansfield’s retail dealer business significantly enhances Empire’s unbranded platform and further solidifies its relationship with its branded partners – including Citgo, Valero, BP, Mobil and ChevronTexaco.

American Education Properties Announces $75 Million of Facilities Funding to Support 11 Charter Schools Across Six States

Portland, OR, September 9, 2014

Part of $500mm in innovative financing to meet charter schools’ growing demand for facilities

With growing enrollment and nearly one million students on charter school waiting lists nationwide, charter school leaders need to find facilities that meet their needs, both now and in the future. American Education Properties, LLC (AEP), launched in June of this year, addresses this increasing challenge. AEP is a collaboration between Charter School Capital, the nation’s leading provider of working and growth capital to charter schools, and American Infrastructure MLP Funds (AIM), a leading private investment firm specializing in real property, infrastructure and natural resources businesses.

The distribution of the first $75 million of $500 million in facilities funding marks one of the largest of its kind to date. This investment supports facilities at nine schools in Arizona, Colorado, Florida, and Washington, D.C., which educate roughly 4,550 Imagine Schools students, as well as students at two charter schools run by independent operators in Arizona and California.

StoneMor Partners L.P. Announces $130 Million Commitment by Private Investment Firm

Levittown, PA, May 19, 2014

StoneMor Partners L.P. (NYSE:STON) announced today that American Infrastructure MLP Funds ("AIM"), a private investment firm, has committed up to $130 million of capital to the company and its general partner, including acquiring an indirect majority interest in the general partner of the company. As part of the commitment, AIM will purchase $55 million of four-year, non-cash common units to fund near term acquisitions, and will make available up to $50 million of additional capital contributions to fund growth.  AIM invests in companies that qualify as master limited partnerships and manages over $1.5 billion in assets.