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.
