Convenience retailer OTR has entered into an agreement with Chevron Australia Downstream to acquire its Puma branded service stations in the Northern Territory.
As an Australian family business operating for more than 30 years, OTR has over 180 stores across metropolitan and regional South Australia, metropolitan and regional Victoria, and Western Australia. The acquisition will see the brand’s first foray into the NT.
Supporting the entry into the market, Mogas Regional, which is owned and operated by OTR’s parent company Peregrine Corporation, has also entered into an agreement to acquire Directhaul Pty Ltd and related commercial supply and haulage business assets.
As part of the agreement, Mogas Regional will own and manage Directhaul and work closely with Chevron Australia Downstream to distribute its products to customers in the Northern Territory.
The sale is expected to be completed by March 2023.
