Toot’n Totum Purchases Express Lane Stores
March 7, 2013 – Toot’n Totum announced today that they have entered into an agreement with Frontier Fuel Co. to purchase their portfolio of ten Express Lane stores, along with two parcels of undeveloped land previously targeted for future convenience store locations.
The stores, located throughout the panhandle, consist of four operating properties in Dalhart, Texas; one store in Stratford, Texas; three stores in Dumas, Texas; one store in Borger, Texas; and one store in Pampa, Texas. The make-up of these locations varies from major diesel truck operations to large food service stores and traditional convenience stores.
According to Greg Mitchell, President and CEO of Toot’n Totum, “Our strategic plan is targeting expansion outside of the greater Amarillo area, and the Express Lane stores were a perfect fit. This acquisition afforded us the opportunity to purchase the premier operations in several communities at the same time and immediately have a strong presence across the panhandle. We are confident that we are well positioned to service these stores through our relationship with existing supply partners and our current distribution center.” Dyke Rogers, President and CEO of Frontier Fuel Co. added, “We are pleased to have come to a mutually acceptable deal with the Toot’n Totum group. Our stores are located in great communities with great customers and wonderful employees. We feel these stores will be a perfect complement to Toot’n Totum’s growth plans. This sale will now allow us to focus and expand Frontier’s other businesses.”
Mitchell also stated, “Not only do we look forward to transitioning these locations to Toot’n Totum stores with our signature look, services, and products; we also are anxious to become viable members of the communities we serve. Our belief in serving the communities extends well past our retail operations and we look forward to working with the school districts and charitable causes in each of these towns, the same as we currently do for our Amarillo locations. Additionally, as an added bonus upon closing, these stores will immediately begin offering our TnT Gas Discount card, which allows the consumer a discount of $.10 per gallon on all fuel purchases.”
Toot’n Totum anticipates retaining the existing retail work force and the companies are currently working on closing the sale within the next 30 to 60 days. This acquisition will bring the Toot’n Totum portfolio to 71 stores throughout the Texas panhandle.
Express Lane stores are a division of Frontier Fuel Co. serving the northern panhandle since 1979. Frontier Fuel Co. will retain its Kansas Express Lane stores as well as its seed, farm management, crop insurance divisions and Express Lane Lube Centers. Frontier Fuel Co. will also continue to operate and expand its wholesale fuel and lubricant operations in Dalhart, Borger, Pampa, Stratford, and Southern Kansas.
Toot’n Totum is a privately owned company founded in 1950, in Amarillo, Texas. Currently it owns sixty convenience stores in Amarillo, Texas, with an additional store under construction, and one store in Borger, Texas. It also owns and operates ten Mr. Payroll locations in Amarillo and the northern panhandle, as well as six Toot’n Totum Car Care Centers and six Toot’n Totum Car Wash locations.
Contact information:
Melinda Batchelor
Director of Communications
Toot’n Totum
Office (806) 373-4351 ext. 180
Cell (806) 654-4541
Dyke Rogers
President and CEO
Frontier Fuel Co.
Office 806-333-4900
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