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Ridi Stores enters Indiana via 4-store acquisition
Yahoo Finance· 2026-02-18 09:06
Group 1 - Ridi Stores, an Ohio-based convenience store and car wash company, has acquired McIntosh Energy Co., expanding its network to 18 locations across three states [4][8] - The acquisition includes McIntosh's four retail locations and a standalone fleet fueling site in Indiana, marking Ridi's entry into the Indiana market [4][8] - Ridi has a history of mergers and acquisitions, having acquired at least one convenience store or car wash nearly every year since 2019 [3][6] Group 2 - McIntosh Energy, founded in 1953, will see its MacFood Mart locations rebranded to Ridi's brand in the near future [5] - Ridi will also take over McIntosh's bulk fuel delivery operations and Pacific Price fleet card services as part of the acquisition [5][8] - The deal reflects a trend of smaller retailers exiting the convenience store business, providing opportunities for regional players like Ridi to scale their presence [3][8]