A multi-disciplinary team of Dinsmore attorneys, led by the Firm’s Corporate department chair Bobby Lucas, served as lead counsel for Majors Management, LLC in its acquisition of 192 MAPCO-branded convenience stores in six states. The equity transaction also includes MAPCO’s wholesale fuel division, loyalty program, brand and other intellectual property. The seller, Copec, is a leading retail company headquartered in South America.

"The acquisition of MAPCO aligns perfectly with our long-term growth and expansion plans,” Majors’ President, Ben Smith, said in a statement. “We are confident that this transaction will bring together the strengths and expertise of two industry leaders to better serve the evolving needs of customers and markets.”

In its role as lead counsel to Majors, Dinsmore led the negotiation and consummation of the overall acquisition by Majors, including the simultaneous closing of multiple credit facilities with Majors’ lenders.  Due to the acquisition and financing structure, Dinsmore facilitated a multi-faceted reorganization that required most of the real property to be acquired by Majors and transferred into new entities for purposes of closing.