Maritime Farms, with 13 midcoast convenience stores, sold to Georgia company
Maritime Energy
The original Maritime Farms convenience store, which opened in 1939 in Rockland.
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Maritime Farms, with 13 midcoast convenience stores, has been sold to Majors Management LLC, of Georgia.
It is Majors Management's first foray into the state of Maine.
In the past three years, Majors Management has completed 17 investments in 13 states, according to a news release.
With the deal, Maritime's parent company, Maritime Energy, will refocus on its core energy business.
"I feel that we have found the best match to continue to put our people first, care for the properties and set the stage to lead the business into the future," said Susan Ware Page, president of Maritime Energy. "We will continue to be delivering motor fuels, fuel oils and propane to the stores, so customers can expect the same high-quality fuel products."
Roland G. Ware, the father of present owner John Ware, founded Maritime Oil in 1939 in Rockland.
Maritime Farms stores are in Newcastle, Searsport, Montville, Belfast, South China, Nobleboro, Jefferson, Belmont and Warren. Rockport and Rockland each have two locations. Maritime Farms has 170 employees.
With the acquisition of the Maritime Farms stores, Majors now operates from Florida to Maine.
"We are honored to carry on Maritime's legacy of excellent service to their retail fueling and convenience customers," said Majors Management President Ben Smith. "We are pleased with the first-class support and expertise we received from the Maritime management team and their advisory firm, Petroleum Equity Group."
Ware Page added: "Due to the experienced guidance that we received and the friendly professional approach shown by the Majors' team, I have the utmost confidence they will be a great fit for the employees and the local community."
Majors Management is an owner, developer and operator of convenience stores and a distributor of branded motor fuels, including BP, Shell, Chevron, Exxon, Marathon, Citgo, Mobil, Texaco, Valero, Phillips, Sunoco, 76, and Alon. Majors and its affiliates supply fuel to over 1,300 convenience stores in Alabama, Arkansas, Arizona, Florida, Georgia, Illinois, Kansas, Louisiana, North Carolina, Mississippi, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and now Maine.
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