Caltex Australia has completed the acquisition of 46 Milemaker sites following the ACCC’s May 4 decision not to oppose the transaction.
Caltex Australia Managing Director and CEO Julian Segal said he was delighted to be bringing the Milemaker sites into the core Caltex network in Melbourne.
“We look forward to investing in the network to deliver an enhanced fuel and convenience offer to customers across Melbourne,” he said. “I also wish to acknowledge the Andrianakos family who have built the Milemaker business, and thank them for entrusting its future to Caltex.”
Milemaker founder Nick Andrianakos said: “I’m very proud of the business that my family and I have created. Selling a business is never easy; however, I’m very happy that the business is going to Caltex, who have been our partner for more than 30 years. I’m also pleased that we will continue our relationship with Caltex into the future, acting as landlord for another 30 years.”
Milemaker will transfer the operations of its service stations to Caltex in the coming weeks. Caltex will enter into long-term leases for each of the sites, with options out to 30 years.