Circle K Wikipedia (2024)

FAQs

Who owns Circle K now? ›

First established in Texas in 1951, Circle K was acquired by Alimentation Couche-Tard in 2003.

The letter “K” was taken from the name of three Kay's Drive-In Grocery outlets located in El Paso, Texas. Circle K founder Fred Harvey bought the stores from Kay Misenheimer in 1951 and they formed the basis for the future Circle K empire.

History of Circle K Stores

Circle K's success in the convenience retailing industry spans more than 60 years. Back in 1951 when Fred Hervey purchased three Kay's Food Stores in El Paso, Texas, little did anyone know these stores would serve as the beginning of Circle K, now, a proudly Canadian company.

Laval, Canada

Circle K / Headquarters

Circle K Stores, Inc. is an American chain of convenience stores headquartered in Tempe, Arizona, and owned by Alimentation Couche-Tard, Inc., based in Laval, Quebec, Canada.

Alimentation Couche-Tard, parent of Circle K convenience stores, has appointed Alex Miller as president and CEO, effective Sept. 6, according to a Wednesday announcement. Miller has been Couche-Tard's chief operating officer since January 2023 and will succeed incumbent Brian Hannasch as the company's top leader.

Circle K has become one of the most widely recognized convenience store brands, known worldwide for quality products and great customer service. We have come a long way since our humble beginnings, and we're proud of where we've been and where we're going.

The estimated net worth of Circle K Stores Inc is at least $151 Million dollars as of 2024-07-30.

On September 23, 2015, Alimentation Couche-Tard announced that as part of a global re-branding, all Mac's stores would be converted to Couche-Tard's Circle K banner; the Canadian renaming began in May 2017.

Is Circle K owned by kangaroo? ›

The Kangaroo Express convenience store brand is owned by Alimentation Couche-Tard (ACT), a Canadian convenience store company, that operates other convenience store brands including Circle K, Couche-Tard, and Macs.

Circle K's annual revenue is $7.8B. Zippia's data science team found the following key financial metrics about Circle K after extensive research and analysis. Circle K has 40,001 employees, and the revenue per employee ratio is $194,995. Circle K peak revenue was $7.8B in 2023.

Entrepreneur Fred Hervey purchased three Kay's Food Stores in El Paso, Texas, in 1951. Hervey renamed the stores as "Circle K Food Stores, Inc." rather than "Kay." He grew the Circle K chain into neighboring New Mexico and Arizona, which has been the company's home base since 1957.

Alimentation Couche-Tard Inc. (ACT), the parent company of Circle K, announced that it has reached an agreement to acquire 112 fuel and convenience retail sites to be carved out from MAPCO Express Inc.

According to reports, there are 6,965 Circle K gas stations in 46 states and territories of the United States. The highest number of Circle K locations in the US are in Florida and Phoenix with 951 gas stations and 160 stores, respectively.

8 billion USD (2024)

Alain Bouchard / Net worth

$18 million. After seeing his total earnings dip in fiscal 2021 and 2022, Brian Hannasch saw a major pay raise last year as his compensation surged to $18 million, according to Couche-Tard's latest proxy statement.

Alimentation Couche-Tard Inc. Founded by current chairman Alain Bouchard, the corporation is based in Laval, Quebec, Canada, a suburb of Montreal.

Alimentation Couche-Tard and Majors Management take ownership of MAPCO and its assets in separate deals. FRANKLIN, Tenn. — MAPCO Express Inc.'s portfolio officially split in two on Nov. 1 as Majors Management LLC and Alimentation Couche-Tard Inc.