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    ATD   CA01626P3043

ALIMENTATION COUCHE-TARD INC.

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Alimentation Couche Tard : Pic Quik acquisition expands Circle K presence in Southern New Mexico

12/21/2021 | 11:30am EDT

The Circle K brand is boosting its presence in Southern New Mexico through an agreement with Pic Quik and has acquired 19 convenience stores and two other properties in Las Cruces and other nearby communities.

Pic Quik is a longstanding operator dating back to 1958, and the stores we have acquired are high-quality, well-run sites that fit well with our existing network in the area.

Pic Quik has a proud local history, and we are very excited to build on that by bringing both their great team members and their stores into the Circle K family. This acquisition will help us accelerate profitable growth in our network, and we're looking forward to making life a little easier every day for more customers in these valuable markets.

Mark Tate, VP-Rocky Mountain.

Las Cruces, where most of the Quik Pic stores are concentrated, is about 40 miles north of El Paso, Texas, where the Circle K brand was born in 1951.

Disclaimer

Alimentation Couche-Tard Inc. published this content on 21 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2021 16:29:07 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2022 61 892 M - -
Net income 2022 2 719 M - -
Net Debt 2022 6 495 M - -
P/E ratio 2022 17,5x
Yield 2022 0,76%
Capitalization 45 422 M 45 422 M -
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EV / Sales 2023 0,81x
Nbr of Employees 124 000
Free-Float 77,7%
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Number of Analysts 15
Last Close Price 44,01 $
Average target price 47,60 $
Spread / Average Target 8,16%
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Managers and Directors
Brian P. Hannasch President, Chief Executive Officer & Director
Claude Tessier Chief Financial Officer
Alain Bouchard Executive Chairman
Deborah Hall Lefevre Chief Technology Officer
Alex Miller Executive Vice President-Operations North America
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