Cumberland Farms has agreed to acquire Canonsburg, Pennsylvania-based convenience-store chain Coen Markets.
The deal includes Coen Markets’ 54 sites in Pennsylvania, Ohio and West Virginia, plus three new-to-industry stores under development, Cumberland Farms said Thursday in a news release.
The transaction, which is expected to close this year pending regulatory approvals, reflects Cumberland Farms’ strategy to accelerate its growth through targeted, value-driven and complementary investments.
Westborough, Massachusetts-based Cumberland Farms said it expects to unlock “meaningful value creation” by combining Coen Markets’ established foodservice offering and regional network with Cumberland Farms’ existing U.S. operations.
“This acquisition is a clear expression of our commitment to disciplined growth in the U.S.—our largest market by both sites and revenue,” said Russ Colaco, CEO of Cumberland Farms.
“Charlie and Andy McIlvaine have built an exceptional business defined by well-invested sites and an exceptional customer experience anchored by their foodservice offering.
We are excited to welcome the Coen Markets team to Cumberland Farms and to continue building up on the legacy of success.”
Coen Markets amenities include the full-service, from-scratch Coen Kitchen, coffee bars with fresh bean-to-cup coffee, dynamic product mixes, ice-cold beer caves, dine-in seating, drive-thrus, free air and more.
It began business in 1923.
“Coen Markets has expanded successfully with its distinctive food offer, value-creating Club Coen loyalty program and store-level execution in line with our mission to ‘impress and satisfy its guests with every visit and make their lives simpler.’
We believe Coen’s business model and offer can expand further, and we want to ensure future growth with a partner that can take the business to yet another high level,” said Andy McIlvaine, president of Coen Markets.
EG America is No. 6 on CSP’s 2025 Top 202 ranking of U.S. c-store chains by store count.
Coen Oil Co. is No. 123.
As EG Group takes a step back from its international operations, the convenience-store chain is focused on growth in the U.S. with Cumberland Farms rebrands.
Along with growth in the U.S., it divested its French business at the beginning of the year.
In fourth-quarter 2025, the company completed the sale of its Italy business and its Cooplands bakery operations in the United Kingdom.
The sale of its Australia business to Ampol is expected to close in the first half of 2026, subject to regulatory approval.
In January, EG Group said it was preparing to formally kick off plans for a U.S. stock market listing valued around $9 billion, according to a report by Sky News.
EG Group operates 1,464 sites in the United States, including 1,401 company-operated locations, 1,400 proprietary fuel sites and 216 food outlets.
Its brands also include Fastrac, Kwik Shop, Quik Stop, Sprint, Tom Thumb, and Turkey Hill.
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