An Industry Leader

Atlantis Management Group (AMG) is one of the leading gasoline service station developers, motor fuel distributors & brokers in the Northeast. AMG has a skilled and dedicated team of executives with decades of combined experience in the petroleum and C-store industry, working everyday to serve our customers.

Quality Convenience

Atlantis Fresh Market is our growing chain of convenience stores located in New York, Northern New Jersey, Connecticut & Massachusetts. Our exclusive convenience stores are designed to create a modern, fresh and inviting atmosphere for our customers, while offering a wide range of high quality products.

We are developing new Atlantis Fresh Market stores at a quick pace, so you can expect an AFM near you soon!


Through our flagship C-store brand, Atlantis Fresh Market, we bring an unforgettable experience to your community.


We get you what you need, when you need it, 24/7.


The AMG family will make you feel at home in all our stores.



AMG Acquires Datillo Petroleum In Large Northeastern Acquisition | CSNEWS

December 14, 2018

MOUNT VERNON, N.Y. — It's another acquisition in the books for 2018 as Atlantis Management Group LLC (AMG) successfully closes on the acquisition of Dattilo Petroleum Inc. and its affiliated companies.

Dattilo's retail chain is tightly clustered around several densely populated and affluent suburban counties immediately north and west of New York. The network features a mix of sites operated by commission marketers and company-operated locations.

The deal includes 27 Shell and CITGO branded retail sites located in New York and New Jersey.

Established in 2006, Mount Vernon-based AMG is a Shell, Exxon, Mobil, BP and Gulf branded wholesale distributor and a leading regional supplier of branded and unbranded petroleum and c-store products in the northeast. The company is one of the largest Dunkin' Donuts franchisees in the New York metropolitan area and also operates a chain of company-operated c-stores under its proprietary Atlantis Fresh Market.

Petroleum Capital and Real Estate LLC (PetroCapRE) exclusively represented AMG and provided professional assistance in the initial financial due diligence process, acquisition modeling, contract negotiations and procurement of capital required to close the overall transaction.

"We are excited that our firm could support AMG throughout this transaction process," said John Flippen, managing director and principal of PetroCapRE. "This was a great opportunity for our client to acquire a large number of premium real estate sites that were located within the company's current retail footprint. The new sites will complement AMG's existing network of dealer, commission marketer and company-operated locations.

"Our firm was able to negotiate a multi-tiered capital product that will provide the flexibility needed to upgrade and rationalize the retail sites on a post-closing basis. We are honored that AMG chose PetroCapRE to be their exclusive financial advisor for this transaction and enjoyed working with their entire senior management team led by the company's CEO, Tumay Basaranlar, and president, Jose Montero," he added.

This transaction was AMG's second major retail acquisition within the past 13 months. In November 2017, the company acquired 51 CITGO branded retail sites that operate under the Food Bag c-store brand from General Equities Inc. The vast majority of these sites were also located in the northeast, and PetroCapRE acted as AMG's financial advisor on that acquisition.

"We would like to thank everyone involved in the transaction, especially the Atlantis team, and PetroCapRE for being an indispensable sounding board that took responsibility for the myriad of complexities needed to complete the acquisition, so that AMG could focus on enriching the transaction by working more closely with the seller," Basaranlar said.

AMG Expands in the Northeast | CSPDAILYNEWS

October 17, 2019

MOUNT VERNON, N.Y. — Atlantis Management Group LLC has acquired Americana Petroleum Corp. and Major Fuel Carriers Corp. The assets, all located in Suffolk County, N.Y., consist of eight retail gas locations with convenience stores or service bays, a wholesale fuels business and delivery trucks.

The retail sites are a mix of company-operated and tenant-operated locations selling Sunoco’s Coastal brand of fuels.

With 85 locations, Mount Vernon, N.Y.-based Atlantis Management Group is No. 75 in CSP's 2019 Top 202 ranking of c-store chains by number of retail outlets.

The acquisition “allows us to focus on expanding our footprint throughout the Northeast,” said Tumay Basaranlar, CEO of Atlantis Management Group.

Founded in 1978, Ronkonkoma, N.Y.-based Americana Petroleum for the past 15 months had been managed by Frank Mascolo Jr., son of founder Frank Mascolo, since his father's death in June 2018.

“This sale transaction represents the culmination of over 40 years in business and is a tribute to my father’s legacy in the fuels industry,” said Frank Mascolo Jr.

Petroleum Equity Group served as the lead adviser to Americana Petroleum, and Petroleum Capital and Real Estate LLC served as the lead adviser to Atlantis Management Group.

Chappaqua, N.Y.-based Petroleum Equity Group is a full-service advisory company to the downstream fuels and c-store industry. It provides merger-and-acquisition services and support, business assessment and valuation analysis, financing and other industry-related services. Since 2008, the company has worked with major and regional oil companies, including Shell/Motiva, ExxonMobil, Sunoco, CITGO, Hess and Gulf; large chain operators such as Cumberland Farms, Speedway, Circle K and 7-Eleven; and jobbers across the United States.

Petroleum Capital & Real Estate, Baltimore, provides buy-side, sell-side, refinancing and capital restructuring services for clients in the downstream multisite retail and wholesale petroleum industry. Since its formation in 2009, the company has completed closings totaling more than $2.4 billion.

Famous Food Bag Stores Get New Ownership | Fuel Market News

November 3, 2017

KENSINGTON, Conn. – Atlantis Management Group (AMG) has acquired Food Bag Stores, a CITGO branded marketer of petroleum products. The acquisition includes more than 50 fee-simple sites and a transportation company.

Founded in 1960, Kensington-based Food Bag Stores serves customers in Connecticut, New York, Massachusetts, New Jersey, Pennsylvania and Florida.

"When we started to consider a sale, our focus was on finding a partner that shared the same values toward our people and customers. Providing opportunity for employees and creating value for our customers was important to us. Seeing the energy, innovation and value that AMG will bring to the market is exciting," said John Sabol, CEO of Food Bag Stores operator General Equities Inc.

"I want to thank all of our employees for their years of dedication and service. AMG's level of integrity, professionalism and focus toward mutual value creation in this deal has been outstanding and I want to thank Tumay Basaranlar, Jose Montero and Jimmy Kochisarli for their support," Sabol continued.

Established in 2006, Mount Vernon, N.Y.-based AMG markets branded and unbranded motor fuel and convenience store products in the Northeast region of the United States.

"We are thrilled to be able to purchase such a well-respected business with a proven management team and strong long-term customer relationships," said Basaranlar, CEO of AMG. "Over the last year, we have worked closely with the Food Bag team to ensure the most successful and value-driven transition for our companies. The level of integrity and teamwork between our companies has made this process a rewarding one. I want to thank the entire AMG/Food Bag team."

AMG is an authorized distributor and/or broker supplier for the Exxon, Mobil, BP, CITGO and Gulf brands.

"We share Food Bag's commitment to exceptional customer service and look forward to integrating the Food Bag team to allow us to pursue additional growth, both organically and though prospective acquisitions," added Montero, president of AMG.

How It Works

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.