Coen Oil purchases area Kwik Kings
WASHINGTON, Pa. – Coen Oil Co. is expanding its retail convenience store line, purchasing six Kwik King stores in the Steubenville area. individual storefronts in Brilliant and McMurray, Pa., and a seven-store chain in Pennsylvania and Maryland.
With the acquisitions, Washington-based company now oversees 31 stores in four states – Pennsylvania, Ohio, West Virginia and Maryland.
“The Ashbridge and Kwik King acquisitions, in addition to the two individual sites, demonstrate Coen Oil’s commitment to the retail convenience business,” said Andy McIlvaine, Coen Oil president. “While we have owned and operated our current sites for several years, we see the need to continue to expand our footprint and offering to our customers.”
Kwik King is a full-service convenience store chain offering a selection of hot and cold foods, including its signature Kwik King fried chicken. In addition to food, the stores offer many other products ranging from coffee, fountain soda and bottled carbonated beverages to dairy products, beer and wine, snacks, confections, tobacco and household and personal care products. Some locations also offer catered food, and all are equipped with state-of-the-art gasoline pumps.
Coen acquired the six Kwik King stores – two in Toronto, and one each in Steubenville, Weirton, Wintersville and Follansbee – from John and Rita Riley, who spent the past 25 years building the brand.
“We believe we have established a strong brand that has positive recognition in its markets for its distinctive product offering,” John Riley said. “We are pleased to be able to sell the Kwik King business to Coen Oil and are confident that they can continue to grow and expand this platform.”
The property Coen acquired in Brilliant, located at 1499 Third St., will be remodeled, as will the McMurrary location. Both are slated to open in April.
The deals come in the wake of Coen Oil’s 2011 acquisitions of Zappi Oil Co., a move which company officials said had served to bolster their commercial fuel distribution business.
“The Zappi acquisition was an important strategic move for our company,” McIlvain said. “While we have had a commercial fuel business for many years, the Coen-Zappi combination allowed us to materially enhance our offering to our commercial customers, including the drillers in the Marcellus shale as well as the Utica shale regions. Importantly, our retail platform helps service our commercial fuel customers. Coen Commercial customers, including fuel drillers, can use our stores for gas, diesel and off-road fuel, as well choose from the several products we offer inside our stores including food, beverages and household/personal care products.”
Coen’s original holdings include a large cluster of stores in the Washington, Pa., area, stretching east as far as Latrobe and as far south as New Martinsville, all offering gas and other fuel products.