Another retailer gets out of the C-store biz
Tevis Oil has sold its convenience retailing assets as it looks to focus on its other divisions.
SMO Inc., d/b/a SMO Fuels and Dash In, a subsidiary of The Wills Group Inc., has acquired the convenience retail and fuel distributions assets of Tevis Oil Inc.
The acquisition was finalized on Sept. 7 and includes all of Tevis Oil’s retail business, which consists of nine retail locations located primarily in Northern Maryland, and in Southern Pennsylvania. Tevis will continue to operate and is actively looking to grow its home comfort solutions, commercial fuels and HVAC businesses, consisting of: Tevis Energy (heating oil, diesel, and gasoline sales to residential and commercial customers); Tevis Propane (propane sales to residential and commercial customers); and, Modern Comfort Systems (HVAC installation, repair & maintenance).
“Jiffy Mart joins a strong family of brands across our retail business, which includes Dash In, Splash In ECO Car Wash and SMO Motor Fuels,” said Julian B. Wills, III, Executive Vice President of The Wills Group’s Retail Marketing division. “We look forward to expanding our footprint into Carroll County and Southern Pennsylvania and having the opportunity to serve customers there.”
The move by Tevis comes after TravelCenters of American announced earlier this year it would exit the standalone C-store business. In February Kroger also sold its C-store business.
Headquartered in Westminster, Md., Tevis is a premier motor fuel distributor and total energy solutions provider in the Mid-Atlantic. The company, originally known as S.H. Tevis & Son, was founded in 1932 by Stanley Tevis Sr. as a local fuels distributor in Westminster, Md. The company started as a Gulf Oil commissioned agent selling gasoline, diesel, and heating oil to businesses, farms and residences in the Carroll County Maryland area.
The Wills Group is working to complete the process of transitioning supplier and vendor agreements to SMO, Incorporated, and is also working to integrate the Jiffy Mart line of business into its retail fuels and convenience store operations.