Douglas Cos. of Conway announced Thursday it has acquired a Missouri convenience store distributor company.
Douglas said the purchase agreement to acquire Tri-Com Inc., known as Convenience Store Services, was signed Monday. The financial terms of the deal were not disclosed, but Douglas Companies said the acquisition is estimated to increase its annual revenues by about $70 million.
Douglas Cos. will now service more than 800 accounts with annual sales of more than $230 million in six states.
CSS, based in Carthage, Mo., is a privately-owned convenience store distributor that serves southwest Missouri, southeast Kansas, northeast Oklahoma and northwest Arkansas.
In a joint statement, Douglas Cos. President and CEO Steve Douglas and COO Susie Douglas Munson said the acquisition provides Douglas Cos. with “an excellent opportunity to increase our footprint in Missouri, Kansas and Oklahoma markets.”
“Our companies’ shared culture of values, commitment to customer service and common service area make this business combination a great fit,” the statement read.
Douglas Cos. will continue keep the CSS operation in Carthage open, but as of Monday, the location is operating under the Douglas Cos. name.
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