ARKO Corp. is a prominent independent convenience store operator based in Richmond, VA, ranking as the sixth largest convenience store chain in the U.S. with 1,543 retail locations operating under over 25 regional brands. The company also distributes motor fuel wholesale to 1,825 dealer locations and runs a fleet fueling operation featuring 298 cardlock locations. ARKO leverages its long-standing community relationships, brand recognition, and centralized marketing initiatives to create a robust platform for growth in a highly fragmented market.
The company employs a dual business model consisting of a retail segment that drives significant revenue and profitability through product sales and fuel, and a wholesale segment that enhances its purchasing power. In recent years, ARKO has achieved considerable site count growth through strategic acquisitions, focusing on secondary and tertiary markets with lower national chain presence, thereby sustaining local brand recognition and expanding consumer loyalty programs, such as fas REWARDS®, which has two million members. In addition to its retail and wholesale operations, ARKO is expanding its fleet fueling and EV charging capabilities to capitalize on emerging market opportunities.