- 18 Dec
CST Brands acquires another 22 stores, 86 stores so far this month
CST Brands continues its buying spree this month with the acquisition of Landmark Industries, growing their store count by 22. These newly acquired locations are in the San Antonio and Austin area, so they’re right in the CST Brands headquarters back yard.
CEO Kim Lubel is a self-proclaimed “deal junkie” who sees consolidation in the industry as a great opportunity. The CST acquisition of Lehigh Gas GP LLC allows CST to work around a post-spinoff agreement they had with Valero, where they would have been forced to delay acquisitions until summer of 2015. The Lehigh Gas acquisition also allows CST to build the number of stores they wanted, where previously they were limited by the prior year’s EBITDA.
In the past two years, CST opened 60 new stores. In 2015 they may build as many as 45-55 new stores.
The PriceAdvantage team is proud to be a partner in the success of CST Brands. CST has been using PriceAdvantage at all their stores since 2012, and they have a position on the PriceAdvantage Customer Advisory Board. CST is also a customer of Skyline signs, so they can take full advantage of the closed loop fuel price management process from competitor surveys, to price determination, to price execution, and finally to price confirmation.