Acquired by Alimentation Couche-Tard and rebranded as Circle K
Headquarters
San Antonio, Texas United States
Area served
North America
CST Brands, Inc. was an American publicly traded fuel and convenience retailer. It was the second-largest of its kind in North America, with 1,900 outlets in the U.S. and Canada. CST Brands had 2013 revenues of about $12.8 billion and made approximately $360 million in EBITDA.[1] Stores were concentrated in the central and southwestern U.S. states and in eastern Canada. Corner Store was the firm's primary retail brand in the US and in Canada's English speaking provinces. In Canada's French speaking provinces, Dépanneur du Coin was the company's retail brand. In addition to convenience store retail sales, CST Brands also sold fuel under a number of licensed energy brands such as Valero, Exxon, Shell, and Phillips 66.
The company was created on May 1, 2013, when Valero Energy Corporation decided to spin off its retail operations in an effort to focus on refining.[2] On August 6, 2014, CST Brands agreed to buy Lehigh Gas GP LLC, the general partner of Lehigh Gas Partners LP (LGP), from Lehigh Gas Corp in a cash and stock deal. CST Brands also acquired the associated Incentive Distribution Rights of LGP. The deal closed on October 1, 2014 and LGP changed its name to CrossAmerica Partners LP, trading under the ticker symbol "CAPL".[3]
On August 22, 2016, Alimentation Couche-Tard, parent company of Circle K, entered a merger agreement with CST to acquire over 2,000 of its locations in an all cash deal worth $4.4 billion (~$5.48 billion in 2023), including net debt assumed.[4] The transaction officially closed on June 28, 2017. Stores under the former CST brands including Corner Store, Flash Foods, and Nice N Easy Grocery Shoppes were converted and remodeled to the Circle K brand.
^"Valero's Retail Spinoff CST Brands Is an Instant Bargain". InvestorPlace. 2013-05-21. Retrieved 2019-08-25.
^"CST Brands and Lehigh Gas Partners Announce the Successful Completion of the Acquisition of the General Partner of Lehigh Gas Partners LP (LGP)". www.businesswire.com. 2014-10-01. Retrieved 2019-08-25.
^Bomey, Nathan. "Circle K operator acquires CST Brands for $4.4B". USA TODAY. Retrieved 2022-09-15.
addition to convenience store retail sales, CSTBrands also sold fuel under a number of licensed energy brands such as Valero, Exxon, Shell, and Phillips...
2013 spinoff of CSTBrands, Valero was one of the United States' largest retail operators with approximately 6,800 retail and branded wholesale outlets...
company. In August 2016, the company announced the acquisition of most of CSTBrands' Canadian assets for $965 million, as part of that company's acquisition...
off from Valero into CSTBrands. Following the 2016 purchase of CST by Alimentation Couche-Tard, the Ultramar brand and most of CST's Canadian assets were...
previously operated under the On the Run brand) to Circle K. In 2017, Couche-Tard completed its acquisition of CSTBrands, adding stores formerly owned by Valero...
divested itself of retail operations in 2013 through the formation of CSTBrands. 35 Dell Technologies 78,660 145,000 Multinational technology firm based...
converted to Circle K. In 2018, following Couche-Tard's acquisition of CSTBrands (which saw most of its Canadian assets sold to Parkland Fuel), 36 Ultramar...
in Yuanlin City, Changhua County, Taiwan, by Luo Jye. Maxxis Tyres and CST tires are wholly owned subsidiaries of Cheng Shin. The company began as a...
Exchange Marne Levine, COO of Instagram Kim Lubel, chairman and CEO of CSTBrands Richard McVey, founder, chairman and CEO of MarketAxess Dwight Merriman...
1933–1939 Kimberly S. Bowers – Former CEO and chairman of the Board of CSTBrands; Listed by Fortune Magazine as one of the 50 most powerful women in business...
Energy Corporation's retail business as its CornerStore (later spun off as CSTBrands, now part of Laval, Quebec-based Alimentation Couche-Tard since 2017 -...
Clocks is now available made by another clock builder for CST under the Seth Thomas brand.[citation needed] Front of Neira Caldas with clock of Seth...
The Ibanez RG7 CST was a very limited run of top quality 7-string guitars. There were only 18 of these made in 1999. Wes Borland of Limp Bizkit played...
models) CST-13 450mA for old Ericsson phones only CST-15 350mA energy saving travel charger CST-18 350mA headset/handsfree travel charger CST-60 450mA CST-61...
commercial crew astronauts to the launch pad where they would board the CST-100 Starliner on their way to the International Space Station. The United...
Philadelphia, Pennsylvania Date: November 5 Game time: 4:25 p.m. EST/3:25 p.m. CST Game weather: Clear, 64 °F (18 °C) Game attendance: 69,876 Referee: Tra Blake...
production services were to be merged into CST Entertainment according to a premature press release from CST. That merge never took place, and USAnimation's...
Global Information