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Atlantis Management Group Acquires Food Bag Convenience Store Group

Atlantis Mgmt/Food Bag

Last updated on June 13th, 2024 at 04:49 pm

Atlantis Management Group (AMG), a Mount Vernon, New York-based marketer of motor fuel and convenience store products, has purchased Food Bag, a 50-unit Northeast c-store chain and marketer of Citgo-branded petroleum, from General Equities of Kensington, Connecticut.

Food Bag has served customers in Connecticut, New York, Massachusetts, New Jersey, Pennsylvania and Florida for more than 57 years.

AMG engages in fuel oil supply and is a retail operator
 of motor fuel properties and convenience stores in the Northeast. It has established relationships with major oil brands such as BP,
 ExxonMobil, Gulf, Citgo and ConocoPhillips and is one of the largest BP brokers by fuel
 volume in the New York market.

AMG also has established co-branding relationships with companies including
 Dunkin’ Brands and 7-Eleven.

John Sabol, General Equities CEO, said when the company considered a sale, the focus was to find a partner that shared the same values toward its staff and customers.

“Providing opportunity for employees and creating value for our customers was important to us. Seeing the energy, innovation and value that AMG will bring is exciting,” Sabol said.

About the author

Shelby Team

The Shelby Report delivers complete grocery news and supermarket insights nationwide through the distribution of five monthly regional print and digital editions. Serving the retail food trade since 1967, The Shelby Report is “Region Wise. Nationwide.”

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