Coen coen: Cumberland Farms to buy Pennsylvania convenience store chain with 57 locations
coen is being acquired by EG Group’s Cumberland Farms, which has agreed to buy Coen Markets, a long-established convenience and fuel retailer rooted in the Pittsburgh area. The transaction covers 54 operating sites and three new-to-industry locations under development across Western Pennsylvania, Eastern Ohio and Northern West Virginia, with completion anticipated in 2026 pending standard regulatory approvals. Company leaders framed the move as a strategic, complementary expansion of Cumberland Farms’ U. S. footprint and foodservice offering.
Expanding details and deal mechanics
The acquisition comprises 54 operating sites plus three additional locations currently under development, bringing the package to 57 retail and fuel sites. The businesses overlap regionally: Coen Markets operates in Western Pennsylvania, Eastern Ohio and Northern West Virginia and is described as having deep roots in the Pittsburgh area. The transaction is positioned as part of Cumberland Farms’ strategy to accelerate growth in the U. S. by combining Coen Markets’ established foodservice offer and regional network with Cumberland Farms’ existing U. S. operations.
Financial and legal advisors are in place on both sides: BofA Securities served as financial advisor to Coen Markets while Blank Rome LLP and Babst Calland served as legal advisors to Coen Markets; Wells Fargo served as financial advisor and Winston & Strawn served as legal advisor to Cumberland Farms. The parties say the combination is expected to unlock value creation and deliver strong returns.
The acquisition of coen Markets includes store-level assets and an existing loyalty program cited as a differentiator for the seller.
Immediate reactions from Coen leadership
Russ Colaco, chief executive of Cumberland Farms, said: “This acquisition is a clear expression of our commitment to disciplined growth in the US – our largest market by both sites and revenue. “
Andy McIlvaine, president of Coen Markets, said: “Coen Markets has expanded successfully with its distinctive food offer, value-creating Club Coen loyalty program, and store level execution in line with our mission to ‘impress and satisfy its guests with every visit and make their lives simpler’. We believe Coen’s business model and offer can expand further and we want to ensure future growth with a partner that can take the business to yet another high level. “
Charlie McIlvaine, chairman and chief executive of Coen Markets, added: “Our success is a team effort. Every one of our senior leaders and our team members have embraced our vision and made our convenience offer stand out. This brings us tremendous pride, and we have confidence that Cumberland Farms will continue that which we started and further advance our offer for the benefit of our customers. “
What’s next
Completion is anticipated to occur in 2026, pending standard regulatory approvals, and the parties will move through the regulatory review process ahead of closing. Observers will watch integration of Coen Markets’ foodservice operations and Club Coen loyalty program with Cumberland Farms’ larger U. S. network. The timeline to closing rests on regulatory clearance and customary conditions; stakeholders from both Cumberland Farms and Coen will monitor approvals and operational transition steps as they prepare for the post-closing phase of the coen acquisition.
