Quebec retail giant Couche-Tard has completed its acquisition of 112 Mapco convenience stores and gas stations in the southern U.S.

Montreal-based Couche-Tard announced the acquisition of the stores in April. The deal was contingent on the company MAPCO Express and its remaining locations being sold to a third party. Couche-Tard announced this week that it closed the purchase from Chile’s COPEC.

The deal includes a surplus property and logistics fleet.

“Most of the real estate is owned,” said Couche-Tard in a news release.

Couche-Tard financed the acquisition through cash on hand and its U.S. commercial paper program.

The properties comprise a strong network of well-locates sites in attractive and desirable locations primarily in Tennessee and Alabama, with other locations in Kentucky and Georgia, according to Couche-Tard.

The retailer operates about 14,400 stores, including 10,900 fuel stations, in 25 countries and territories under the Couche-Tard, Circle-K, Mac’s and other banners. In October, the Pembroke Management Hall of Fame inducted Couche-Tard founder Alain Bouchard.

Photo: Mapco