Cumberland Farms Selling 61 East Coast Locations
Cumberland Farms Inc. is offering to sell 61 convenience store properties. The stores are spread out in various markets along the East Coast. The offering includes three stores in Connecticut, five in Delaware, 10 in Florida, 12 in Massachusetts, three in New Hampshire, eight in New Jersey, 14 in New York, two in Pennsylvania and four in Rhode Island.
Thirty-four of the stores currently sell motor fuels, primarily unbranded. The locations are being offered through a structured sale process to be managed by Matrix Capital Markets Group Inc., Richmond, Va.
Framingham, Mass.-based Cumberland Farms is one of the nation's largest family-owned c-store chains. Operating in 11 states, in the Northeast and Florida, its mission is to make life easier for its on-the-go consumers with its trademark Farmhouse Blend coffee and Chill Zone beverages, as well as fresh food, dairy products, snacks and gasoline.
