HONOLULU (AP) - Hawaii's largest independent gasoline operator is being sold to a Texas company for $240 million.
Houston-based Susser Petroleum MLP said Thursday it will buy Aloha Petroleum Ltd.
Aloha has nearly 100 gas stations and is also one of the largest convenience store operators in Hawaii with 44 stores.
The Honolulu Star-Advertiser reports the two companies expect to close the deal by the end of the year.
Susser says it will keep of all of Aloha's 500 employees, its current management and brand names.
Susser is owned by Energy Transfer Partners LP and distributes about 1.7 billion gallons of motor fuel annually in Texas, New Mexico, Oklahoma, Kansas and Louisiana.
Aloha gas stations' history in Hawaii dates back to the early 1900s.