77-year-old convenience store chain closing all stores after sale
Yahoo Finance·2025-12-10 17:03

Group 1: Kum & Go Brand Transition - The Kum & Go brand was expected to be retained after its sale to Maverik, but it was ultimately removed and replaced with Maverik's branding [1][2] - Former CEO Kyle Krause expressed surprise at Maverik's decision to eliminate the Kum & Go brand, as he believed both brands would be maintained [3] Group 2: Freedom Oil Sale - Freedom Oil, founded in 1948, has transitioned from a few neighborhood stores to a network of 27 locations in Illinois and Florida [5] - The sale of Freedom Oil's convenience store chain to Mizpah Ventures LLC was finalized on December 9, with all stores set to close and rebrand under the Mizpah name [6] - The acquisition of Freedom Oil highlights the ongoing trend of smaller convenience store chains changing ownership, as seen with other recent acquisitions in the industry [8]