Stewart’s Pays $9.6M for New York Convenience Stores

BALLSTON SPA — In September, Stewart’s Shops announced that it had purchased the assets of the Jolley Associates convenience store chain, which included 45 stores located across Vermont, New York, and New Hampshire. At the time, deal terms were kept confidential. But a new report from the Albany Business Review reveals that the price tag of Jolley’s five New York-based stores was slightly more than $9.6 million.

The Jolley stores located in the Capital Region were sold to Stewart’s for the following prices:

$3,261,694 — 1412 State Route 9, Lake George

$2,926,804 — 474 Aviation Road, Queensbury

$1,933,062 — 2 Clifton Country Road, Clifton Park

$754,100 — 443 Route 3, Plattsburgh

$753,932 — 777 Upper Glen St., Queensbury

The Jolley shops will continue operating as Jolley stores in the short term, but they’ll eventually be rebranded as Stewart’s Shops over the next few years, Stewart’s Public Relations Manager Robin Cooper told Saratoga TODAY in September.

Included in the deal were Jolley’s sister companies S.B. Collins, a petroleum products company, and Clarence Brown, a heating fuel oil company. Both are based in St. Albans, Vermont.