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

2035: The end of the Greek community of Australia as we know it (Part Two)

In our previous article we referred to the important year 2035, a milestone for the presence and evolution of Hellenism in Australia.

‘Poor Things’ costumes exhibition opens at Benaki Museum in Greece

Costumes from Giorgos Lanthimos' film "Poor Things" are featured in an exhibition inaugurated by Greek President Katerina Sakellaropoulou.

Meet Joanna Kalafatis: New Greek star of hit Netflix series ‘Maestro in Blue’

Joanna Kalafatis is a beautiful Greek woman with voluminous hair. However, as the saying goes, there’s a lot more than meets the eye.

Archaeologists in Crete mystified by 4000-year-old discovery

A recently discovered 4,000-year-old stone building in Crete is puzzling archaeologists and potentially delaying an airport project.

Greece ranks third among Mediterranean cruise destinations

Data from the Hellenic Ports Association (ELIME) show that Greek ports handled 7,003,150 passengers in 2023, up from 4,629,650 in 2022.

You May Also Like

United Nations General Assembly adopts Greek resolution on return of cultural property

Greece was one of 111 member states to commit to the repatriation of cultural property at the UNGA’s 44th plenary meeting.

South Melbourne FC hold player auction and sponsor night

South Melbourne FC held a successful Player Auction and Sponsor Night on Thursday, June 9 at 1959 Bar and Grill.

Sydney Olympic FC celebrate Xanthi FC pathway with new alternate jersey design

Sydney Olympic Club President Bill Papas said the blue and white strips will continue as the main jersey design for the 2021 season.