Nearly 125 Irving Oil convenience stores in New England will be under new management this July.
Irving Oil Ltd., based in St. John, New Brunswick, is leasing 252 of its convenience stores, including 124 in Maine, New Hampshire, Massachusetts and Vermont, to Alimentation Couche-Tard Inc., a convenience store operator based in Quebec.
Under the deal, expected to close this July, Couche-Tard will purchase store equipment and inventory, while Irving will own the fuel pumps and canopies, according to a press release from Irving. Terms of the deal were not disclosed.