Type | Subsidiary |
---|---|
Industry | Convenience store |
Founded | 1966Muncie, Indiana as Village Pantry | in
Founder | Don Marsh |
Defunct | June 2015 |
Fate | Acquired by GPM Investments |
Successor | GPM Investments |
Headquarters | Wilmington, North Carolina |
Number of locations | 400 (in 2011) |
Area served | Indiana, Ohio, North Carolina, South Carolina, Tennessee, Virginia |
Products | Grocery, Gasoline |
Brands | Village Pantry, Next Door, Scotchman, Young's, Li'L Cricket |
Owner | Sun Capital Partners |
Website | Archived official website at the Wayback Machine (archive index) |
VPS Convenience Store Group was an American convenience store chain headquartered in Wilmington, North Carolina that could trace its roots to the founding of the first Village Pantry convenience store in 1966. VPS was sold in two parts in 2013 and 2015 to GPM Investments.
Village Pantry was founded as a convenience store chain division of Marsh Supermarkets, founded in Yorktown, Indiana. The first Village Pantry location opened in 1966 in Muncie, Indiana. [1]
In September 2006, Sun Capital Partners purchased Marsh and its divisions, including Village Pantry, $325 million. [2]
In May 2007, Sun announced that they were splitting Village Pantry from Marsh, making it its own company reporting directly to Sun Capital. [3]
In October 2007, Village Pantry acquired Imperial Company, Inc., which operated 33 Next Door Store locations in Michigan and Indiana. [4]
In March 2008, Village Pantry acquired nine AmeriStop Market convenience stores in central Ohio from Petro Acquisitions, Inc., and were rebranded Village Pantry. [5]
In two separate transactions that were completed in March 2008, Sun Capital acquired Li'L Cricket Food Stores Inc., which operated 88 convenience stores in South Carolina under the Li'L Cricket name, and Worsley Operating Companies, which operated 124 convenience stores in North and South Carolina under the Scotchman , Youngs' and S-E names. [6] [7] Worsley also owns its private gas label Carolina Petro, which Sun Capital inherited as well. [6]
In Spring 2009, Village Pantry and three other Sun-owned convenience store chains—Young's, Li'l Cricket, and Scotchman—began reorganizing to consolidate accounting and administration with Young's and Scotchman parent company Worsley Operating Corporation. As part of the consolidation, VPS relocated its headquarters from Indianapolis, Indiana, to Wilmington, North Carolina. [8] [9] [10] As of May 2013, the combined operation ran a total of 430 convenience stores as VPS Convenience Store Group. [11] [8]
In January 2011, VPS Convenience Store Group acquired 22 former Appalachian Oil (Appco) c-stores in northeastern Tennessee and southwestern Virginia and were rebranded Scotchman. [12]
GPM Investments (operator of the Fas Mart and Shore Stop convenience stores) acquired the Southeast operations of VPS in August 2013 and the remaining Midwestern division in June 2015. [13] [14]
Marsh Supermarkets Inc., Yorktown, has move into the rapidly-growing "Convenience store" field with the announcement of a new Village Pantry Division... the first store will be built in Muncie. The stores are to be located in Indiana and Ohio in the general geographical area now served by its 63 supermarkets.Alternate Link via NewspaperArchive.com.
Marsh is a leading multi-format food retailer in Indianapolis and surrounding markets, operating 116 supermarkets, 154 convenience stores, and other catering and retail businesses under such well-recognized brands such as Marsh Supermarkets, LoBill Foods, Village Pantry, Crystal Food Service, and Enflora
Sun Capital Partners, owner of Marsh Supermarkets Inc., will break off its Village Pantry subsidiary to create a separate business unit. Both businesses will continue to be owned by Florida-based Sun Capital Partners. The Village Pantry convenience store chain was a long-time a subsidiary of Marsh. Marsh operates 105 groceries, while Village Pantry runs 148 convenience stores. According to a company press release, Village Pantry offices will remain in Marsh's Fishers headquarters, but its managers will report directly to Sun. Sun also announced new leaders for Village Pantry. The CEO will be Mick Parker, a former regional vice president for the Circle K convenience store chain.
Village Pantry operates 146 convenience stores throughout Indiana and Ohio providing a broad selection of grocery, deli, and bakery items.
Village Pantry's headquarters on the northeast side of Indianapolis is closing as a result of an office consolidation between the convenience store operator and another in North Carolina, both owned by Sun Capital Partners Inc. The merger of accounting and administrative functions will take Village Pantry CEO Mick Parker and at least nine other executives to Wilmington, N.C., where Worsley Cos. is headquartered. Worsley operates 210 Scotchman convenience stores in North Carolina and South Carolina. Village Pantry has 190 stores in Indiana and Ohio.
As part of a deal announced earlier this week, Sun Capital Partners Inc., a leading private investment firm, said it has completed the sale of its investment in VPS Convenience Store Group, an operator of 161 convenience stores in four Midwest states, to GPM Investments LLC...The affiliate previously completed the sale of 263 southeastern stores in North Carolina, South Carolina, Tennessee and Virginia to GPM in 2013. Based in Wilmington, N.C., VPS operates convenience stores throughout Indiana, Michigan, Ohio and Illinois under the Village Pantry and Next Door Stores brands. These stores offer retail convenience items, including fuel, and many also offer franchise food offerings including Subway, Chester's Fried Chicken, Noble Romans and Hunt's Brothers Pizza.
Jewel-Osco is a regional supermarket chain in the Chicago metropolitan area, headquartered in Itasca, a western suburb. In 2007, the company had 188 stores across northern, central, and western Illinois; eastern Iowa; and portions of northwest Indiana. Jewel-Osco has been a wholly owned subsidiary of Boise-based Albertsons since 1999. The company originally started as a door-to-door coffee delivery service before it expanded into delivering non-perishable groceries and later into grocery stores, and supermarkets. Prior to its 1984 acquisition by American Stores, Jewel evolved into a large multi-state holding company that operated several supermarket chains and other non-food retail chain stores located from coast to coast and had operated under several different brand names.
Sunoco LP is an American master limited partnership organized under Delaware state laws and headquartered in Dallas, Texas. Dating back to 1886, the company has transitioned from a vertically integrated energy company to a distributor of fuels. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses. Sunoco is the largest independent distributor of fuels in the United States.
Circle K Stores, Inc. is a chain of convenience stores that is headquartered in Tempe, Arizona, and owned by Alimentation Couche-Tard, based in Laval, Quebec, Canada. Founded in 1951 in El Paso, Texas, the company filed for bankruptcy protection in 1990 and went through several owners, before being acquired by Alimentation Couche-Tard in 2003. As of February 2020, Circle K has 9,799 stores in North America, 2,697 stores in Europe, and an additional 2,380 stores operating under franchise agreements worldwide.
The Kroger Company, or simply Kroger, is an American retail company that operates supermarkets and multi-department stores throughout the United States.
Speedway is an American convenience store and fuel station chain headquartered in Enon, Ohio, with locations primarily in the Midwest and the East Coast regions of the United States wholly owned and operated by 7-Eleven. Speedway stations are located in 32 states, up significantly from its core seven-state region in the Midwest since 2012. Prior to 2021, the company was a wholly owned subsidiary of the Marathon Petroleum Corporation. It is the largest convenience store chain in central Ohio.
ampm is a convenience store chain with branches located in several U.S. states, including Arizona, California, Nevada, Oregon, Washington and in several countries such as Costa Rica and Brazil. The brand pulled out of the Eastern United States in 2012, but returned a decade later.
Lawson, Inc. is a convenience store franchise chain in Japan. The store originated in the United States in Cuyahoga Falls, Ohio, but exists today as a Japanese company based in Shinagawa, Tokyo.
SpartanNash is an American food distributor and grocery store retailer headquartered in Byron Center, Michigan. The company's core businesses include distributing food to independent grocers, military commissaries, and corporate-owned retail stores in 44 states, Europe, Latin America, and the Middle East. SpartanNash operates 142 corporate-owned retail stores under a number of brands located in North Dakota, South Dakota, Nebraska, Minnesota, Iowa, Indiana, Wisconsin, Michigan, and Ohio, many of which were local grocery chains acquired by SpartanNash. In terms of revenue, it is the largest food distributor serving military commissaries and exchanges in the United States. It is known for its Our Family line of products and formerly the "Spartan" line of products.
APlus is an American convenience store chain owned and operated by Energy Transfer Partners, with some stores currently owned by Seven & I Holdings (7-Eleven). APlus is also the convenience store chain used by Sunoco.
Marsh Supermarkets was an American retail food chain headquartered in Indianapolis, Indiana, with a peak number of 86 stores in 2013 located throughout central Indiana and parts of western Ohio. Its eventual parent company was Sun Capital Partners, headquartered in Boca Raton, Florida.
The Pantry, Inc. was a publicly traded convenience store chain based in Cary, North Carolina that operated Kangaroo Express stores. The Pantry was founded in 1967 by Sam Wornom and Truby Proctor, Jr. in Sanford, North Carolina The company has been publicly traded since June 1999 and owned by investors since 1987, when then investor Montrose Capital purchased controlling shares from Wornom and Proctor. Recent CEOs have included the former chairman of the board and interim CEO Edwin J. Holman, who took over after Terrance M. Marks, the former president and CEO, resigned in December 2011. Dennis Hatchell was the CEO of the company as of 2012.
Earth Fare is an American health and wellness supermarket with 20 locations in 8 states throughout the Southeast United States. It sells natural and organic food that the company claimed to have the highest product standards in the United States, and was one of the largest natural and organic food retailers in the country. After closing all stores in February 2020, three locations reopened in June 2020 and a total of 20 locations operate as of March 2021.
Road Ranger is a Schaumburg, Illinois-based chain of travel centers, truck stops and convenience stores primarily found in the mid-western United States.
Sun Capital Partners, Inc., is an American private equity firm specializing in leveraged buyouts. Sun Capital was founded in 1995 by Marc J. Leder and Rodger Krouse, former classmates at the Wharton School of the University of Pennsylvania and investment bankers at Lehman Brothers.
Food Fair, also known by its successor name Pantry Pride, was a large supermarket chain in the United States. It was founded by Samuel N. Friedland, and his brother George I. Friedland who opened the first store in Harrisburg, Pennsylvania in the late 1920s. As of 1957, Food Fair had 275 stores, and at its peak, the chain had more than 500 stores. Friedland's family retained control of the firm through 1978, when the chain entered bankruptcy.
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Thorntons LLC, formerly Thorntons Inc., is a gasoline and convenience store chain headquartered in Louisville, KY. Thorntons LLC currently operates 200+ locations which vary from traditional fuel and convenience stores, stores with expanded kitchen formats and Travel Centers. Thorntons stores are located in six states: Florida, Illinois, Indiana, Kentucky, Ohio, and Tennessee. It was founded in 1971 by James H. Thornton.
Turkey Hill Minit Markets is an American chain of convenience stores founded in Lancaster, Pennsylvania in 1966. As of October 2017, Turkey Hill Minit Markets had over 260 locations across Ohio, Indiana, and Pennsylvania. Turkey Hill Minit Markets is owned by EG Group and operated independently from Turkey Hill, a separate Peak Rock Capital-owned brand of iced tea, ice cream and other beverages and frozen desserts.
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