GT represents Israeli company ARKO Holdings Ltd., in connection with the execution of a business merger with Haymaker Acquisition Corp. II, a publicly traded special purposes acquisition company (“SPAC”). ARKO Holdings is an Israeli public holding company which operates in the GPM Retail and Wholesale, Finance, Real Estate for Investment and Ligad business segments. GPM, in which the company has a controlling stake, is the seventh-largest convenience store chain in the U.S. with nearly 1,400 stores across the country. The transaction, reported by Israeli and international media outlets, is set to support the company as it expands its convenience stores across the United States.
The transaction is expected to close in the fourth quarter of 2020 and the combined company will have an equity market capitalization of approximately $1.4 billion.