Arko Corp., which owns U.S. fuel wholesaler and convenience store operator GPM
Investments, pulled the trigger on another deal Wednesday, saying it will
acquire the retail, wholesale, and fleet fueling business of WTG Fuels Holdings.

Texas-based WTG Fuels is a fuel distributor and owner of Uncle's Convenience
Stores, which has more than two dozen sites in West Texas. It also owns the
GASCARD fleet fueling operations.

The purchase also includes three land parcels and nine independent dealer
locations. In addition, Richmond, Va.-based Arko will get 57 proprietary
GASCARD-branded fleet fueling cardlock sites and 52 private cardlock sites,
representing one of the largest fleet fueling operations in the region.

The deal is Arko's fourth acquisition this year. The company will take
possession of the Pride Convenience Holdings chain in New England and Transit
Energy Group's assets in the U.S. Southeast in coming months. Arko said those
three deals will expand its footprint by more than 200 stores, or 15%.

Arko said it will pay $140.4 million to acquire the WTG assts and will finance
the purchase with $25.4 million of its own cash and about $155 million from Oak
Street Real Estate Capital. The private equity group has pledged over $1
billion to Arko with plans to lease various real estate assets from the
company.

The Uncle's Convenience Stores sell about 28 million gal/year in an area Arko
describes as high-margin.

--Reporting by Tom Kloza, tkloza@opisnet.com; Editing by Jeff Barber,
jbarber@opisnet.com