MOUNT VERNON, N.Y. — Atlantis Management Group LLC is picking up retail gas locations across New England, among other assets, from WMA LLC in a deal that expands its existing Northeast retail network.
The WMA portfolio consists of 13 Shell branded retail gas locations, 11 of which were fee owned. They are a blend of auto bays and c-stores. The deal also includes a Shell branded wholesale supply-only business serving retail gas locations. .
New York convenience store chain Atlantis Management Group recently paid $1.84 million for an existing Bristol store with gasoline pumps.
Atlantis Real Estate LLC, of Mount Vernon, bought the service station at 1462 Farmington Ave., from Violet Food Mart LLC in a deal logged by the town on Feb. 1.
BRIDGEPORT, Conn., Jan. 26, 2022 /PRNewswire/ -- People's United Bank, N.A. (NASDAQ: PBCT), announced that it served as Lead Arranger and Administrative agent for a credit facility for Atlantis Management Group, a Mt. Vernon, New York headquartered motor fuel distributor and owner and operator of a large network of gasoline service stations, quick serve restaurants and convenience store sites. The facility will be used to support the continued growth of the company, including the funding of new acquisitions.
\"We are thrilled to continue and expand our longstanding relationship with Atlantis to provide them with additional capital and expertise in support of their efforts to expand their company,\" said Kevin Dolan, SVP, Commercial Banking, People's United Bank. Added Ken Jamison, SVP of Loan Syndications at People's United: \"Companies demand a lending partner who can deliver flexible, industry-focused solutions and a personalized approach to service, and we look forward to supporting future growth plans for Atlantis Management.\"
Our app and online order portals are designed to create a modern, and easy way for our customers to have their favorite things delivered from their local Atlantis Fresh Market, while offering a wide range of high-quality products. We pride ourselves on our fast, free, 24/7 delivery service and that we offer our products for the same price to your door as it is in store.