NEW YORK, Dec. 22, 2020 (World NEWSWIRE) — Haymaker Acquisition Corp. II (NASDAQ:HYAC) (“Haymaker”), a publicly traded specific intent acquisition business and ARKO Holdings Ltd. (“Arko Holdings”), an Israeli community holding corporation (TASE: AKHO) whose major asset is a managing stake in GPM Investments, LLC (“GPM”), a fast rising leader in the U.S. benefit store industry, declared right now that they have pleased all closing disorders and done their formerly introduced company mixture. Underneath the terms of the business enterprise blend arrangement, Haymaker and Arko Holdings put together beneath a new company, ARKO Corp. (“ARKO”). Shares of ARKO prevalent stock and ARKO warrants are anticipated to trade on the Nasdaq Stock Market place below the symbols “ARKO” and “ARKOW,” respectively, commencing on December 23, 2020. The business mix was accredited by Haymaker’s shareholders on December 8, 2020 and by Arko Holdings’ shareholders on November 18, 2020.
Arie Kotler, Chief Government Officer of ARKO, commented, “Right now marks an vital milestone as we travel the next chapter of our expansion as a U.S.-detailed public company. We run in an appealing and hugely fragmented marketplace and have built a tested platform for acquisitions, as shown by our effective observe file of closing transactions. In combination with our attractive rework software, and the compelling natural growth possibilities we are executing against, we look forward to developing on the achievements we have driven to date, and providing benefit for all of our stakeholders.”
Remarking from Haymaker, Steven Heyer and Andrew Heyer mentioned, “We are energized to announce the closing of our mixture with Arko Holdings. Arie and his talented staff have proven a demonstrated system for advancement that will be more strengthened by this mix, and increased by the planned multi-year rework and other organic and natural initiatives. We are wanting ahead to observing the crew capitalize on the appealing chances that lie in advance as a result of recognized strategic initiatives that are underway.”
The business enterprise mixture was funded via a blend of hard cash in Haymaker’s have faith in account and a personal placement investment of $100 million in convertible chosen inventory from affiliate marketers of MSD Partners, L.P. for a overall quantity of $295 million.
Raymond James & Associates, Inc. served as direct economical and funds marketplaces advisor. Nomura Securities Worldwide, Inc., Stifel, Nicolaus & Firm, Included, BMO Capital Marketplaces Corp., and Citigroup Global Marketplaces Inc. served as monetary advisors and capital marketplaces advisors to Haymaker. Cantor Fitzgerald & Co. served as money markets advisor to Haymaker and Morgan Stanley & Co. LLC served as financial and funds markets advisor to Arko Holdings. DLA Piper LLP (US), Gornitzky & Co., and Ellenoff Grossman & Schole LLP served as legal advisors to Haymaker. Greenberg Traurig, LLP and S. Friedman & Co. acted as lawful advisors to Arko Holdings.
Dependent in Richmond, VA, GPM was established in 2003 with 169 stores and has grown through acquisitions to become the 7th biggest convenience retailer chain in the United States, with somewhere around 3,000 destinations comprised of close to 1,350 enterprise-operated merchants and 1,600 dealer internet sites to which it supplies fuel, in 33 states and Washington D.C. GPM operates in a few segments: retail, which is composed of gasoline and products revenue to retail shoppers wholesale, which supplies fuel to third-bash dealers and consignment brokers and GPM Petroleum, which supplies gasoline to GPM and its subsidiaries promoting fuel (both in the retail and wholesale segments) as effectively as subwholesalers and bulk purchasers.
About Haymaker Acquisition Corp II:
Haymaker was a $400 million blank look at firm fashioned for the objective of entering into a merger, capital stock trade, asset acquisition, stock buy, reorganization or comparable business enterprise mixture with 1 or much more firms. Haymaker’s acquisition and worth creation technique was to discover, obtain and, following its initial organization combination, establish a firm in the shopper, retail, media, or hospitality industries. Haymaker was led by Chief Govt Officer and Govt Chairman Steven J. Heyer, President Andrew R. Heyer, Main Money Officer Christopher Bradley, and Senior Vice President Joseph Tonnos. For extra details about Haymaker, remember to check out www.haymakeracquisition.com.
About MSD Companions, L.P.:
MSD Associates, L.P., an SEC-registered investment adviser found in New York, was formed in 2009 by the principals of MSD Cash, L.P. to empower a pick team of buyers to make investments in procedures that were designed by MSD Cash. MSD Money was proven in 1998 to completely take care of the capital of Michael Dell and his relatives. MSD Associates makes use of a multi-disciplinary expenditure method targeted on maximizing lengthy-time period funds appreciation by generating investments throughout the world in the equities of public and non-public corporations, credit score, authentic estate and other asset courses and securities. For more data about MSD Companions, please see www.msdpartners.com.
This press launch incorporates “forward-looking statements” inside the meaning of the “secure harbor” provisions of the Non-public Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the enterprises of ARKO Corp., Haymaker, Arko and GPM might differ from their genuine benefits and for that reason, you really should not rely on these ahead-seeking statements as predictions of upcoming situations. Words this sort of as “count on,” “estimate,” “task,” “spending plan,” “forecast,” “foresee,” “intend,” “system,” “may perhaps,” “will,” “could,” “need to,” “thinks,” “predicts,” “possible,” “continue on,” and similar expressions are supposed to identify these types of ahead-looking statements. These forward-hunting statements include, devoid of limitation, expectations with respect to the upcoming prospective clients of ARKO and the timing of investing of ARKO securities on Nasdaq. These ahead-looking statements require significant challenges and uncertainties that could cause the precise results to differ materially from the anticipated effects. Most of these elements are exterior of the handle of ARKO and are challenging to forecast. Things that may well lead to these types of distinctions include things like, but are not restricted to: (1) the influence of the COVID-19 pandemic on the business of ARKO (2) the capability to understand the predicted added benefits of the Organization Mixture, which may perhaps be afflicted by, amongst other factors, opposition, the potential of the combined organization to grow and deal with growth profitably and retain its important workforce (3) prices associated to the business enterprise blend (4) changes in applicable guidelines or restrictions (5) the need for ARKO’s products and services alongside one another with the probability that ARKO could be adversely influenced by other economic, enterprise, and/or aggressive factors (6) hazards and uncertainties connected to ARKO’s organization, including, but not constrained to, variations in gasoline rates, the effects of level of competition, environmental dangers, restrictions on the sale of alcohol, cigarettes and other smoking cigarettes goods and boosts in their charges, dependency on suppliers, will increase in gas efficiency and need for different fuels for electrical cars, failure by impartial operators to satisfy their obligations, acquisition and integration risks, and forex exchange and desire fees risks (7) failure to notice the expected benefits of the acquisition of Empire (8) failure to immediately and effectively integrate Empire’s business (9) the probable for unidentified or inestimable liabilities connected to the Empire small business and (10) other risks and uncertainties incorporated in (x) the “Chance Components” part of the Haymaker proxy assertion/prospectus and (y) other documents filed or to be submitted with the SEC by Haymaker and ARKO and with the ISA by Arko Holdings. The foregoing checklist of factors is not unique. You really should not area undue reliance upon any forward-looking statements, which communicate only as of the day produced. ARKO does not undertake or take any obligation or enterprise to release publicly any updates or revisions to any ahead-seeking statements to mirror any transform in their expectations or any improve in functions, ailments, or situations on which any this sort of statement is based.