Capstone Partners (IMAP USA) Advised Pride Stores on its Sale to ArcLight Capital Partners

Capstone Partners (IMAP USA) advised Pride Stores, the premier convenience store and gas station chain in Western MA and Northern CT, on its sale to ArcLight Capital Partners.

Pride Stores is a convenience store and gas station chain with a market-leading position in Western Massachusetts and Northern Connecticut. Pride opened its first self-serve station in 1976 and first convenience store in 1982, both in Springfield, MA. Today, Pride has 31 modern, next generation stores, including 4 state-of-the-art travel centers and city stops, strategically located across the Greater Springfield and Hartford metro areas. With a long-standing reputation in the community, Pride is well-known among its loyal customers for its high quality service, high volume fuel operations, and diversified mix of fresh food and other in-store offerings.

Founded in 2001, ArcLight Capital is an asset-based private equity firm investing in the energy sector. To date, it has invested approximately $25 billion in 113 transactions generating strong realized returns for limited partners with 69 exits across a diverse set of market cycles. As a hands-on, long-term owner and operator of energy infrastructure assets, Arclight possesses the skills and deep sector knowledge to make sound and innovative investments in a constantly evolving energy landscape.