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STATE COLLEGE, Pa. - Regional C-store operator Uni-Marts Inc. announced today that it has engaged Trefethen & Company LLC and Morgan Keegan & Company Inc. to act as financial advisors as the company explores strategic alternatives to enhance stockholder value, including a business combination or the sale of certain assets of the company.
"We believe that this is an appropriate time for Uni-Marts Inc. to review its strategic direction and options. The board of directors engaged Trefethen & Company and Morgan Keegan to assist us because of their extensive knowledge and experience in the convenience store industry," said Henry D. Sahakian, chairman of the board.
Uni-Marts currently operates 301 convenience stores and Choice Cigarette Discount Outlets in Pennsylvania, New York, Delaware, Maryland and Virginia. It sells self-service gasoline at 238 stores.