What is Arko Corp.'s plan for its wholesale fuel business?

Arko Corp. plans to take its wholesale fuel distribution business public through an initial public offering (IPO) under the name Arko Petroleum Corp.

Why is Arko Corp. converting its convenience stores?

Arko is converting company-operated convenience stores to its wholesale segment to reduce expenses and increase operating income.

What will Arko Petroleum Corp. be responsible for?

Arko Petroleum Corp. will be responsible for the wholesale distribution of motor fuels to substantially all of ARKO's retail convenience stores that sell fuel.

Home / Business and Economy / Arko Fuels Up for IPO: Wholesale Business Goes Public

Arko Fuels Up for IPO: Wholesale Business Goes Public

20 Dec

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Summary

Arko Corp. plans to take its wholesale fuel distribution public via IPO.
The move aims to reduce expenses by converting company-operated stores.
The new entity, Arko Petroleum Corp., will supply fuel to nearly all Arko stores.

Arko Fuels Up for IPO: Wholesale Business Goes Public

Arko Corp. has announced its intention to launch an initial public offering (IPO) for its wholesale fuel distribution business, which will operate as Arko Petroleum Corp. This strategic initiative is designed to streamline operations and enhance profitability by converting company-operated convenience stores into its wholesale segment.

The dealerization program, converting 347 sites through September 2025, is central to Arko's plan to achieve over $20 million in annualized operating income. The planned IPO seeks to bolster the wholesale segment by including its third-party dealer fuel supply, fleet fueling arm, and GPM Petroleum business.

Upon completion of the IPO, Arko's approximately 1,200 remaining company-operated convenience stores will function as a standalone entity. Arko intends to continue investing in these locations, focusing on initiatives like its food-focused store design and the Fas Craves foodservice program.