Fifth Third Securities, Inc. acted as the Exclusive Financial Advisor to Clyde’s Market Inc. (Clyde’s) on its recent acquisition by Enmarket Stations, Inc.
Based in Glenville, Georgia, Clyde’s owns and operates a chain of convenience stores; Woodland Oil Inc., a fuel wholesale business; and Red Star Petroleum, LLC, a transportation company. Enmarket, founded as Interstate Stations, is part of Colonial Group, Inc. based in Savannah, Georgia.
“When we first started this endeavor, I never thought that my three siblings, my two parents and I would be able to all agree and be happy with the outcome of a sale,” said Greg Woolard, CEO of Clyde’s. “The Fifth Third team did a wonderful job from start to finish. From the beginning, they were always honest and open with their guidance and expertise. They never led in a direction that was not based on fact. We got a great price and were very pleased with the service the team provided; VERY HAPPY!”
As a result of the transaction, Enmarket will take over operation of the 35 Clyde’s locations in Georgia, as well as Woodland Oil and Red Star Petroleum’s operations.
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