Majors Management LLC has finalized its acquisition of Maritime Farms convenience stores, the retail arm of Maritime Energy, situated in Rockland, Maine. Majors’ entry into Maine is marked by the purchase of 13 c-stores with full delis in midcoast Maine.
Petroleum Equity Group offered Maritime with private consultancy services. The Chappaqua, New York-based full-service advising firm continues to help the downstream fuels and convenience store industries.
The fee-owned, company-operated 13-store portfolio includes two Shell-branded stores, one Sunoco-branded facility, and ten that fly the Maritime Farms flag.
In addition to delis and other convenience items, the stores are more than 3,000 square feet in size and sell beer and wine. Nine of the locations also sell booze, two have Dunkin’ Donuts locations, and one has a car wash.
Roland Ware launched Maritime Energy in 1939 with one Sunoco-branded gas station and a heating oil business with one delivery truck.
Following WWII, the company expanded by opening gas stations and becoming a regional distributor of motor fuel and heating oil. Roland’s son John took over as president in 1978 and opened his first convenience shop in 1985.