Murphy USA $645 million acquisition of QuickChek
Davis Polk is advising Murphy USA on its $645 million acquisition of QuickChek Corporation. The transaction is expected to close during the first quarter of 2021, subject to customary closing conditions and regulatory approval.
Murphy USA is a leading retailer of gasoline and convenience merchandise with nearly 1,500 sites located primarily in the Southwest, Southeast and Midwest United States. Based in Whitehouse Station, New Jersey, QuickChek operates 157 fresh convenience market stores including 89 locations with fuel throughout New Jersey, New York’s Hudson Valley and Long Island.
The Davis Polk corporate team includes partners William L. Taylor and Darren M. Schweiger and associate Sang Hun Lee. Partner Joseph P. Hadley and counsel Sanders Witkow are providing finance advice. Partner Joseph A. Hall is providing capital markets advice. Partner David H. Schnabel is providing tax advice. Partner Jeffrey P. Crandall is providing executive compensation advice. Partner Frank J. Azzopardi is providing intellectual property advice. Partner Howard Shelanski is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and Washington DC offices.