bp takes full control of fuel distribution and convenience activities in the United States


The group purchases a private equity partner’s stake in the Throntons joint venture, taking ownership of 208 fully owned and operated sites in the Midwest.

bp has acquired its private equity partner in the American fuel and convenience distribution Thorntons. The group will take full ownership of 208 Thorntons sites, acquiring the majority stake in ArcLight Capital Partners. Terms of the contract are not disclosed.

By taking full ownership of its Thorntons joint venture, bp will become a leading convenience operator in the Midwest, with sites owned and operated in six states, including Kentucky, Illinois, Indiana, Ohio, Tennessee and Florida. bp plans to retain and develop the Thorntons brand, the company says.

Bp’s proximity and mobility activity aims to almost double its global revenues by 2030. The British actor aims to increase the number of proximity sites in its global network from around 2,000 today to more than 3,000 by 2030.

According to Euromonitor’s analysis, the convenience opportunity will almost double over the next decade in 45 of the world’s major economies, growing by more than 5% each year. “Convenience stores are evolving against a backdrop of growing consumer demand with constantly changing needs,” says bp, which is betting on the growth of electric vehicle charging and local sales.

bp was a shareholder of Thorntons following a joint venture agreement in 2019 with ArcLight Capital Partners, LLC. It moved away from the model owned by the company and operated by the company in the United States in the mid-2000s after a series of divestments. Bp’s mobility and convenience brands in the US currently include bp, Amoco and ampm.

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