Kosmidis family’s service station chain in SA bought by industry giant

·

Petrol station giant BP Australia has acquired South Australian fuel and convenience retailer X Convenience from the Kosmidis family.

The deal expands BP’s network, with more than 50 X Convenience sites in South Australia and Western Australia.

According to The Advertiser, brothers Steve and Tom Kosmidis acquired their first petrol station in 2006, and by 2013 had six sites across Adelaide.

Over the past five years, younger brother Steve, 44, has adopted a more aggressive strategy – opening multiple new sites each year, expanding into Perth in 2021, and growing the network to more than 50 sites.

X convenience
X Convenience service station.

Company records show Tom, 48, stepped down as a director of several of the Andrash group of companies that operated the X Convenience business in 2017, leaving Steve as the sole director and driver of the company’s expansion.

The amount paid by BP to take over X Convenience was undisclosed.

BP Australia president Frédéric Baudry said the deal would enable the company to tap into X Convenience’s local knowledge and convenience expertise.

X Convenience director Steve said he was “excited for this next chapter of the business as BP continues to build the X Convenience network and delivering for our customers.”

Source: In Daily and The Advertiser.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Greek Culture Minister returns to Australia for anniversary of ‘Our People Their Stories’

Greece’s Minister of Culture, Lina Mendoni, is set to return to Australia to mark one-year of the GOAA’s “living museum.”

Restaurateur Kostas Giannakaros voices concerns over new Marrickville McDonald’s

The upcoming McDonald’s on Marrickville Rd has sparked community backlash, with the building defaced in bright red graffiti.

Australian Ambassador to Greece meets with Greek Foreign Minister

Australian Ambassador to Greece, Alison Duncan, met with Greece’s Foreign Minister, George Gerapetritis, on Wednesday, October 1.

Faith, screens and society: Key insights from day two of the 2nd Clergy Synaxis

The 2nd Pan-Australian Clergy Synaxis continued on Tuesday, September 30, at the Parish–Community of the Resurrection of Christ in Kogarah.

Nick Politis secures $1 billion Eagers deal with CanadaOne

Nick Politis has hailed Eagers Automotive’s $1 bn acquisition of a 65 per cent stake in Canadian dealership group CanadaOne as a milestone.

You May Also Like

Photographer, Nick Bourdaniotis, on ‘getting the shot’ and being part of the Evzones family

Greek Australian photographer, Nick Bourdaniotis, tells The Greek Herald how he always ‘gets the shot’ and is a part of the Evzones family.

Thanasi Kokkinakis comes from behind to progress at Citi Open

Thanasis Kokkinakis came back from 2-6, 2-4 down to beat Taro Daniel in his Washington debut to advance to the second round at the Citi Open.

Remembering the start of the 2000 Olympic Games in Sydney

21 years ago, the Sydney 2000 Olympic Games not only marked the turn of the millennium, but the turn of several world records.