Energy North Group Announces Acquisition of 11 VERC Enterprises Properties in Massachusetts
LAWRENCE, Mass., March 11, 2021 – Energy North Group (ENG) is proud to announce that it has strengthened its presence in Massachusetts through the acquisition of 11 key sites from the local, family-run brand VERC Enterprises. The acquired gas station and convenience store sites are located in Athol, Andover (2), Boxborough, Plymouth (2), Lexington, Pembroke, Randolph, Westford and Westminster. The acquisition also encompasses 12 tenants that were previously under contract at those sites, including Dunkin’ and Subway.
“I am very proud of the success that VERC Enterprises has seen since our family started out in the 1970s,” said Leo Vercollone, CEO and Co-Owner, VERC Enterprises. “The ENG family of brands complements VERC’s mission well. I’m excited to see how these sites continue to grow in the future.”
“We are eager to welcome and get to know the employees, customers and tenants of VERC Enterprises,” said Jeff Black, Owner & COO, ENG. “We have always respected and admired the integrity of their organization. Bringing these properties into the ENG suite will enhance our current offerings and increase our gas station, convenience and foodservice footprint. This deal undoubtedly enriches our business profile and we are grateful to have had the opportunity to acquire such a well-run and well-known operation in the marketplace.”