If you live in Indiana, you surely often see Rickers gas station. This is a family business that operates the stores and gas station for more than 30 years. The business has 56 branches, and it becomes one of the best gas station services. After decades, the company has new owner: the Giant Eagle. Both are family-own businesses that operate in local area. Here is the related information to this topic.
Ricker’s founder stated this purchase would transfer the ownership. The entire line of Ricker’s Indianapolis is a part of the new company. You do not need to be worry about this transaction. In general, this kind of purchase is common in the business.
One thing you need to know about Rickers gas station is the core business does not change. The company is not on par with the big oil and gas station chain. It is just local store with station where vehicles can refill their gas. On the other side, more than 50 chains as company portfolio is something you cannot ignore. Small station is a part of professional company business. You need more skills and capital to make this kind of business.
The good news is the new owner has the same core business. In general, you will not see much change in term of operation and management. The business will serve gas and sell several things in the store. The service and products are still intake. The only change is in the upper management.
Another good thing from this transaction is service improvement. As you know, The Giant Eagle is not small company. It has more than 200 stores and supermarkets, including gas station. Based on business comparison, Ricker is significantly small. However, this one is prominent store in Indiana. When new business wants to enter new market, it is best to buy the existing one while improving the service. It seems this strategy is what the Giant Eagle does. The company puts much effort to deliver the best service.
As you know, both are privates companies, so the transaction is disclosed. The amount of money in this transaction is not available for public. However, they make sure there is no issue regarding the purchase and transaction. The deal is made, and every party satisfies with the decision. This is what you need to know about Rickers gas station business.