Regulatory approvals and all closing requirements have been completed to finalise Couche-Tard’s acquisition of Ireland’s leading convenience and fuel retailer, Topaz.
The acquisition, previously announced in December, involves Topaz’s 444 stations across the island of Ireland, including its recently acquired Esso station network. Of these stations, Topaz operates 158 and dealers 286.
The agreement also encompasses a commercial fuels operation, with more than 30 depots and two owned terminals. The Topaz stores, including those recently acquired from Esso, will be rebranded with the new global brand Circle K.
“We are pleased to have closed this transaction in such a timely manner, as it represents an outstanding opportunity for growth,” Couche-Tard President and CEO Brian Hannasch said.
“We have been working closely with Topaz and we are ready to support it through the next phase of its development.”