Uni-Mart

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Uni-Mart was a

Mid-Atlantic region of the United States (US).[1] In 2008, the company operated 283 convenience stores and gas stations in the US states of Pennsylvania, New York and Ohio,[2] and, as of 1995, its annual sales totaled $327.01 million. Henry Sahakian was Uni-Mart's founder[3] and, as of 1997, the company consisted of 2,700 employees.[1]

On 29 May 2008, Uni-Marts LLC filed a voluntary Chapter 11 bankruptcy petition in the US bankruptcy court for the District of Delaware, initiating a process that had been considered by the company's management since September 2007.[3]

In December 2009, the company's remaining assets were sold to Kwik Pik LLC, an affiliate of Lehigh Gas Corporation.[4] As of 2016, many stations still operate under the Uni-Mart name.

History

American Stock Exchange
.

In September 1996, the company's 10,000 square foot Uni-Mart Center opened in State College and was promoted as "America's Largest Convenience Store Under One Roof." In addition to being a convenience store and gasoline station, the mega-center included a

private company
status following the creation of Green Valley Acquisition Co. LLC. By 2008, Uni-Mart owned and operated 283 stores in Pennsylvania, New York and Ohio, but the number of privately owned franchise locations was not clear.

In 2006 the company expanded into Ohio by acquiring a small number of

Exxon and Sunoco gasoline until the bankruptcy in 2008.[5]

The company was made private when Sahakian sold it to

Non-resident Indian (NRI) Raj Vakharia, a former managing director of Donaldson, Lufkin & Jenrette.[6] Vakharia will target its investment in high-growth markets throughout India including Delhi, Mumbai, Bangalore, Chennai, and Pune
.

Pirshlo

The

Seneca nation claimed two in Salamanca, one of which became WGWE
.

Notes

  1. ^ a b c Staff (1997). "Uni-Marts, Inc". FundingUniverse. Retrieved 18 May 2012.
  2. ^ Judith Patton (30 May 2008). "Uni-Marts files for bankruptcy, 45 stores will be closed". The Patriot-News. Retrieved 18 May 2012.
  3. ^ a b CSD Staff (30 May 2008). "Uni-Marts LLC Files For Bankruptcy". CSDecisions.com. Harbor Communications. Retrieved 18 May 2012.
  4. ^ "Kwik Pik Closes on 144 Uni-Mart Properties". Convenience Store Decisions. 12 January 2010. Retrieved 20 November 2012.
  5. ^ "UniMarts Corporate website". Archived from the original on 2007-07-29. Over two-thirds of Uni-Marts’ locations sell gasoline, with the majority offering the Uni-Mart brand name. Branded gasoline for the other sites is purchased from BP/Amoco, Exxon/Mobil and Sunoco. Downloaded 28 August 2008.
  6. ^ "Uni-Marts to Sell 250 Units". Convenience Store News. October 15, 2004. Archived from the original on January 20, 2013. Retrieved 2019-10-26.
  7. ^ Turano, Sharon. Long Pleads Guilty: Salamanca Man May Serve Jail Time. The Post-Journal. 15 July 2008.

References

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