Circle K Wikipedia (2024)

FAQs

Is Circle K Russian owned? ›

Circle K Stores, Inc. is an American chain of convenience stores headquartered in Tempe, Arizona, and owned by Alimentation Couche-Tard, Inc., based in Laval, Quebec, Canada.

No, it doesn't stand for “konvenience.” It stands for Kay. Let me explain. The letter “K” was taken from the name of three Kay's Drive-In Grocery outlets located in El Paso, Texas. Circle K founder Fred Harvey bought the stores from Kay Misenheimer in 1951 and they formed the basis for the future Circle K empire.

The Canada-based convenience store giant and parent of Circle K has reached an agreement to acquire 112 fuel and convenience stores to be carved out from Mapco Express Inc.

The brand has been phased out in favour of the Circle K banner.

First established in Texas in 1951, Circle K was acquired by Alimentation Couche-Tard in 2003. Now present in more than 24 countries and territories, Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service.

Alimentation Couche-Tard Inc. announced Monday (Feb. 27) it will acquire 45 fuel and convenience retail sites from Big Red Stores, an Arkansas-based company originally founded in 1997 by Doug and David Hendrix.

Circle K Stores Inc will be adding an additional 236 sites to its convenience store chain after acquiring them from Shell Oil Products US and Shell's affiliate Motive Enterprises LLC.

That's when a Canadian company called Couche-Tard announced it was buying the San Antonio-based company that owns Valero stores, CST brands, for a reported $4.4 billion. Media reports at the time said Couche-Tard didn't plan to get rid of any workers at Valero stores, they'd simply become Circle K employees.

Laval, Canada

Circle K / Headquarters

The Circle K Executive Team is rated a "D" and led by CEO Brian Hannasch.

Why did Circle K buy MAPCO? ›

"The acquisition of MAPCO aligns perfectly with our long-term growth and expansion plans,” said Ben Smith, Majors' president. “We are confident that this transaction will bring together the strengths and expertise of two industry leaders to better serve the evolving needs of customers and markets.”

The estimated net worth of Circle K Stores Inc is at least $151 Million dollars as of 2024-06-12. Circle K Stores Inc is the 10% Owner of CrossAmerica Partners LP and owns about 7,486,131 shares of CrossAmerica Partners LP (CAPL) stock worth over $151 Million.

The new Circle K brand will replace Couche-Tard's existing Circle K®, Statoil®, Mac's® and Kangaroo Express® branding on stores and service stations across Canada, the USA, Scandinavia and Central and Eastern Europe.

Entrepreneur Fred Hervey purchased three Kay's Food Stores in El Paso, Texas, in 1951. Hervey renamed the stores as "Circle K Food Stores, Inc." rather than "Kay." He grew the Circle K chain into neighboring New Mexico and Arizona, which has been the company's home base since 1957.

The Circle K brand, which is its most widely used store banner, will be rolled out in the U.S. and Europe beginning next year. But the company plans to keep its Couche-Tard banner in Quebec. No job cuts are expected among the approximately 8,000 employees that work at about 800 Mac's stores in Canada, Couche-Tard said.

Laval, Canada

Circle K / Headquarters

Using only the direct ownership criterion, 47.5% of all companies were fully private companies and 23.4% of all companies were state-owned according to the Rosstat definition, where the state owns more than 50% of the voting shares or shares in the authorized capital.

Alimentation Couche-Tard and Majors Management take ownership of MAPCO and its assets in separate deals. FRANKLIN, Tenn. — MAPCO Express Inc.'s portfolio officially split in two on Nov. 1 as Majors Management LLC and Alimentation Couche-Tard Inc.