Former type Subsidiary Successor GPM Investments Founder Don Marsh Parent organization GPM Petroleum LP | Industry Convenience store Founded 1923 Number of locations 400 (in 2011 | |
Fate Acquired by GPM Investments Defunct June 2015; 1 year ago (2015-06) Area served Indiana, Ohio, North Carolina, South Carolina, Tennessee, Virginia Headquarters Wilmington, North Carolina, United States Subsidiaries LSF5 Cavalier Investments LLC, Li'l Cricket Food Stores, Inc., Village Pantry, LLC | ||
VPS Convenience Store Group was an American convenience store chain headquartered in Wilmington, North Carolina that could trace its roots to the founding of the first Village Pantry convenience store in 1966. VPS was sold in two parts in 2013 and 2015 to GPM Investments.
History
Village Pantry was founded as a convenience store chain division of Marsh Supermarkets, founded in Yorktown, Indiana. The first Village Pantry location opened in 1966 in Muncie, Indiana.
In September 2006, Sun Capital Partners purchased Marsh and its divisions, including Village Pantry, $325 million.
In May 2007, Sun announced that they were splitting Village Pantry from Marsh, making it its own company reporting directly to Sun Capital.
In October 2007, Village Pantry acquired Imperial Company, Inc., which operated 33 Next Door Store locations in Michigan and Indiana.
In March 2008, Village Pantry acquired nine AmeriStop Market convenience stores in central Ohio from Petro Acquisitions, Inc., and were rebranded Village Pantry.
In two separate transactions that were completed in March 2008, Sun Capital acquired Li'L Cricket Food Stores Inc., which operated 88 convenience stores in South Carolina under the Li'L Cricket name, and Worsley Operating Companies, which operated 124 convenience stores in North and South Carolina under the Scotchman, Youngs' and S-E names.
In Spring 2009, Village Pantry and three other Sun-owned convenience store chains—Young's, Li'l Cricket, and Scotchman—began reorganizing to consolidate accounting and administration with Young's and Scotchman parent company Worsley Operating Corporation. As of May 2013, the combined operation runs a total of 430 convenience stores as VPS Convenience Store Group.
In January 2011, VPS Convenience Store Group acquired 22 former Appalachian Oil (Appco) c-stores in northeastern Tennessee and southwestern Virginia and were rebranded Scotchman.
GPM Investments (operator of the Fas Mart and Shore Stop convenience stores) acquired the Southeast operations of VPS in August 2013 and the remaining Midwestern division in June 2015.