Nouria Signs Definitive Agreement to Acquire Enmarket from Colonial Group

Nouria, a prominent convenience store chain in the Northeast, has entered into a definitive agreement to acquire Enmarket from Colonial Group, marking a significant step in Nouria's strategic expansion into Southeast markets. Enmarket, known for its quality service and wide range of convenience products, operates in Georgia, South Carolina, and North Carolina. This acquisition includes 132 convenience stores and nearly 26 car washes, further strengthening Nouria’s presence. Tony El-Nemr, CEO of Nouria, expressed enthusiasm for integrating Enmarket’s operations and maintaining high service standards. The acquisition, subject to regulatory approval, will capitalize on Nouria's resources and technology to enhance the customer experience. Colonial Group, founded in 1921 and a leader in several sectors, sees the transaction as a positive evolution for both companies. Advisors for Nouria include Wells Fargo and King & Spalding, while Colonial Group was advised by BofA Securities and Williams Mullen.