Home Add to Favorite Contact Submit  
           07 May, 2021

Category:  Press » Finances


Poised for Growth, GPM Investments, LLC Enters Into a $35 Million Credit Facility with PNC Bank N.A.

         Views: 1664
2011-11-29 00:51:53     

RICHMOND, Va., Nov. 23, 2011 -- GPM Investments, LLC, operator of both the Fas Mart and Shore Stop convenience store chains, announced today that it has entered into a new $35 million credit facility with PNC Bank N.A. that matures in November 2016.

According to GPM Investments' Chief Executive Officer Arie Kotler, "We are very excited about the future and are now well positioned for significant growth over the next few years." He added, "We have two great brands in Fas Mart and Shore Stop that have tremendous potential both in and outside of our core markets. It is the start of a new and exciting era for the company and the great people who are part of this organization."

Kotler indicated that several exciting new initiatives are in the works that will continue to enhance the customer experience in all 213 stores. In early November, the company launched a new coffee program called Perfect Harvest across both the Fas Mart and Shore Stop brands. It also recently completed an in-depth customer research study in all core markets and is in the process of developing a new marketing campaign that will launch in Spring 2012.

Kotler commented, "Our customers will begin seeing innovative initiatives around our core service offerings that will both surprise and delight them."

About GPM Investments, LLC:

Fas Mart and Shore Stop are members of the GPM family of convenience stores. GPM Investments, LLC is headquartered in Richmond, Va., and operates 213 convenience stores and supplies over 115 independent dealers in Virginia, Maryland, Rhode Island, Delaware, Connecticut, North Carolina, Pennsylvania, New Jersey and Tennessee.

Specialized in: Gpm Investments
URL: http://www.fasmart.com
Print press release      Bookmark this page
Related Press releases 
Connecticut Business Insurance Brokers Discuss General Liability Coverage (Popularity: ): Norwalk, Connecticut (press.abc-directory) September 30, 2020 - The Connecticut business insurance brokers at JMG Insurance Agency recently released a new informational article that answers the question, "what does general liability insurance cover?". The new blog can be found on the company's website. The information in the article is guided by the insurance agency's extensive professional experience handling general liability plans and ensuring their clients are properly and comprehensively covered. Their ...
FinAcc Global launches accounting services for telecommunication businesses. (Popularity: ): Arlington, Texas-- September 2, 2020 -- It has been an immense pleasure to proclaim that FinAcc Global, an accounting outsourcing company, launches specialized accounting services for telecommunication businesses. The outsourcing firm aims to deliver flexible and integrated finance accounting solutions that help the industry to overcome many challenges.FinACC Global presents comprehensive accounting services for the telecommunication industry with 100% data security and confidentiality. With the flexible engagement model and technology-enabled ...
Nelito Systems Ltd. appoints Mr. Sanjay Dube as the new Chief Executive Officer (Popularity: ): Navi Mumbai, July 08, 2020 – Nelito Systems Ltd. (Group Company of DTS Corporation, Japan), announced that Mr. Sanjay Dube has been appointed as the Chief Executive Officer.Mr. Sanjay Dube, prior to joining Nelito looked after the Fuel, Logistics and Land vertical for The Tata Power Company Limited. Prior to that, he looked after Strategy and Performance Analysis and before that, he looked after Treasury, Investor Relations and Corporate Finance, ...
CortiCare strengthens its management team by bringing on Aron Stern as CFO (Popularity: ): CARLSBAD, Calif. - January 14, 2020 -- CortiCare, Inc., a leading provider of technology and electroencephalographic (EEG) services to the hospital and physician office markets, today announced that Mr. Aron Stern has joined the company as its Chief Financial Officer. Stern will oversee the company’s finance team, as well as management of cash flow, financial planning, M&A activities, and profitability.“CortiCare has grown to a stage where more advanced financial management and ...
Illinois Cannabis Insurance Broker Explains Cannabis Insurance Coverage (Popularity: ): Los Angeles, California ( press.abc-directory.com ) November 02, 2019 - MFE Insurance, an Illinois cannabis insurance brokerage, recently released a blog discussing Illinois cannabis insurance coverage. Medical marijuana is a growing industry in the state of Illinois and it is important for cannabis dispensary owners to be aware of the potential liabilities of operating their business, as well as how cannabis insurance can protect them from them if they are ...

Press release home snapshot 

Related Business 
PNC Bank Arts Center (Popularity: ): A multi-million dollar performing arts center specially designed for live concerts. Site features include seating chart, ticket information and event calendar.
LegalAction.com (Popularity: ): Covering a RICO case, filed against PNC Bank, N.A.
Marble Bridge Funding Group (Popularity: ): Provides capital and services to growth oriented, entrepreneurial companies through AR financing, PO Financing, bank partnerships, and letters of credit.Credit.
PNC Bank (Popularity: ): Offers Federal Stafford, PLUS and consolidation as well as private alternative loans.
PNC Bank Corp. (Popularity: ): Serving consumer and corporate clients throughout the mid-Atlantic region, with a presence in all 50 states.
Keating Investments, LLC (Popularity: ): Keating Investments, LLC is a Denver-based broker-dealer and NASD member specializing in reverse mergers. We serve emerging private companies, both U.S. and non-U.S., that want to become public quickly and cost effectively.
Altair Investments NA, LLC (Popularity: ): A boutique investment advisory firm, specializes in conservative growth style equity investing. Provides portfolio management services for individuals, families and institutions.
PNC Financial Services Group (Popularity: ): [USA] A diversified financial services organizations, providing community and wholesale banking, real estate finance, asset management, and global fund services. (NYSE: PNC)
Credit and Card (Popularity: ): Establishing credit cards good credit score secured loan unsecured debt bank credit union mortgage auto. Learn how to build a good credit history starting with your first credit card.
Trading Financial Credit, LLC. (Popularity: ): When you need cash fast, Trading Financial Credit, LLC can help with an auto title loan that puts money in your pocket in as little as one hour. We provide car title loans to people with good credit, bad credit and no credit. You keep the car; we keep the title. It’s that simple!