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Category:  Press » Finances

 

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

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2011-11-29 00:51:53     
FasMart.com.

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
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