GPM Petroleum LP, which distributes motor fuel to GPM Investments' over 600 acquired convenience stores, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The Richmond, VA-based company was founded in 2003 and booked $1.1 billion in sales for the 12 months ended March 31, 2017. It plans to list on the NYSE under the symbol GPMP. Raymond James, Wells Fargo Securities and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
