Westborough-based Cumberland Farms plans to acquire Coen Markets, a family-owned chain of convenience stores and gas stations headquartered in Pennsylvania.

The purchase is part of ongoing efforts by Cumberland Farms to expand its reach through targeted acquisitions, according to a company press release Thursday. Coen Markets has 54 locations across Western Pennsylvania, Eastern Ohio, and Northern West Virginia, with three more stores under development. 

“This acquisition is a clear expression of our commitment to disciplined growth in the U.S. – our largest market by both sites and revenue,” Russ Colaco, CEO of Cumberland Farms, said in the press release. “Charlie and Andy McIlvaine have built an exceptional business defined by well-invested sites and an exceptional customer experience anchored by their Foodservice offering.”

The deal is expected to be finalized this year, pending regulatory approvals. Financial terms were not disclosed.

Coen Markets is headquartered in the Pittsburgh suburb of Canonsburg, located about 20 miles southwest of the city. The firm was founded in 1923 and claims to be the oldest and largest convenience store chain in the Pittsburgh area, according to its website. It was founded by Charlie Coen, grandfather of Chairman and CEO Charlie McIlvaine and President Andy McIlvaine.

“Our success is a team effort. Every one of our senior leaders and our team members have embraced our vision and made our convenience offer stand out,” McIlvaine said in the press release. “This brings us tremendous pride, and we have confidence that Cumberland Farms will continue that.”

Cumberland Farms is owned by EG Group, a United Kingdom-based multinational operator of gas stations and convenience stores across Europe, the United States, and Australia. EG Group purchased Cumberland Farms in 2019.

EG Group did not respond to a WBJ inquiry asking if Coen Markets locations will continue to operate under that name, or if locations will be converted to Cumberland Farms. 

Cumberland Farms has 575 locations across Massachusetts, Connecticut, Florida, Maine, New York, New Hampshire, Rhode Island, and Vermont.

Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.