Alimentation Couche-Tard Inc., Canada’s largest convenience store chain, has disclosed potential acquisitions spanning Europe and North America, ranging from smaller tuck-in assets to deals nearly as large as its €3.1 billion acquisition of European retail assets from TotalEnergies SE. The company’s president and CEO, Brian Hannasch, discussed the M&A possibilities during a conference call about its latest results. The call also announced Hannasch’s impending retirement on September 6, to be succeeded by COO Alex Miller, while Hannasch will continue as an adviser and executive chair of the board focusing on M&A. Couche-Tard’s net earnings for the fourth quarter dropped to $453 million from $670.7 million a year earlier due to lower gross margins on fuel, shorter fiscal periods, and economic headwinds. Despite these challenges, Hannasch expressed optimism about business prospects, mentioning efforts to expand the loyalty program, improve employee training, and launch promotions.

Retail, Oil & Gas, Mergers & Acquisitions,Canada, Europe, North America