Aloha Petroleum Considers Sale of Retail Assets

Retailer reviewing its strategic alternatives, including possible sale

Published in CSP Daily News

HONOLULU -- Aloha Petroleum Ltd., Hawaii's largest independent gasoline station owners and one of the biggest convenience-store operators in the islands, has engaged New York-based Macquarie Capital to help it review its strategic alternatives, which could include selling the company, according to a report in Pacific Business News.

 

Honolulu-based Aloha Petroleum, which has a history in Hawaii that dates back to the early 1900s, said that, as a result of its growth and success in recent years, it now finds opportunities and growth in its core business in the state are limited.

 

Macquarie Capital will help Aloha Petroleum look into such alternatives as strategic joint ventures or partnerships, the sale of a portion or all of the company’s stock and continuing to operate the company in its current form.

 

Aloha Petroleum markets its products through 100 Aloha, Shell and Mahalo-branded gas stations and 40 Aloha Island Mart convenience stores across the state.

 

Watch CSPnet.com and CSP Daily News for further details.

Keywords: 
financial, M&A