![]() ![]() It’s managed by three individuals, each of whom owns or controls a significant percentage of one or more of the limited partnerships. Under the mediation settlement agreement, Zaccaria resigned from his posts.Ī new general partner was installed. Texas Inc.: Get the best of business news sent directly to your inboxĪround that time, though, some limited partners started questioning Zaccaria’s “conduct.”Ī group of limited partners representing a significant percentage of the limited partnership interests decided to remove Zaccaria from his roles with Pester and the partnerships, court records show. The stores were rebranded as Alta stores, pushing the number of stores in the chain over the the century mark. Then, early last year, multiple publications reported Pester had acquired Western Convenience Stores Inc.’s 42 retail locations in Colorado and western Nebraska. In 2017, it expanded to the West Coast with the acquisition of five Smitty’s stores in a joint venture with R.H. Western Alta proceeded to add more stores. World Fuel acquired all of Pester’s stock in 2015 before flipping the retail business about eight months later. The stores were owned by Pester, which also was a distributor of motor fuels and lubricants. Western Alta launched with a big splash in 2016 when it acquired about 57 convenience stores from Miami-based World Fuel Services for $32.3 million. The limited partners say they invested “millions of dollars” in the convenience store business. He identifies himself on his LinkedIn page as a petroleum engineer who has purchased interests in more than 300 oil and gas wells in Texas and elsewhere “using a combination of equity and capital from partners and self financing.” His businesses include PNP Petroleum. Zaccaria is described in the Western Alta lawsuit as the promoter of different limited partnerships set up to buy convenience stores. Ortega, cited the confidential settlement agreement in declining to comment. Pauerstein, attorney for Western Alta, Pester and the limited partnerships suing Zaccaria and his Pioneer C-Stores Management Inc.Ĭalls to Zaccaria were not returned. “We stand by the claims we allege and look forward to proving them in court,” said J.D. As for efforts to sell the stores, he said he signed “several different confidentiality agreements” that bar him from talking. “I don’t want to do any harm,” Youngblood said in declining to comment. San Antonio businessman Sam Youngblood, one of the limited partners, referred calls to their attorney. ![]() On : After CST Brands buyout, convenience store war may enter new phase ![]() He wants a court to declare the agreement void.Īll the drama is unfolding as a deal may be imminent for some or all the stores, Zaccaria says in his lawsuit. It released Zaccaria from any of the limited partners’ claims, he alleges, yet they say he’s still indebted to them. Zaccaria actually was first to go to court, suing some limited partners in September over a mediated settlement agreement. The suit seeks more than $1 million in damages. In a lawsuit filed last month here in state District Court, Western Alta, Pester and related partnerships accuse the executive, Phil Zaccaria, who has served as Western Alta’s general partner and Pester’s CEO, of embezzling limited partners’ money and falsifying the partnerships’ books. ![]() Some of the limited partners who invested millions of dollars in the business have squared off with the executive who raised the money to enter the convenience store industry three years ago. Western Union International Services, LLCħ001 East Belleview Avenue, Denver, CO 80237ħ979 E Tufts Ave Ste 400, Denver, CO 80237Ĥ643 S.Under Western Alta’s control, Pester has expanded the business to become the 58th largest convenience store chain in the country with an estimated $392.3 million in annual sales volume, according to a July ranking by Convenience Store News. Registered Agent Information Registered Agent NameĬorporation Documents History Document Typeīusinesses with the same agent Business NameĢ090 Columbiana Rd Ste 4000, Vestavia Hls, AL 35216-2158Ģ3 Drydock Ave Ste 710 Fl 7, Boston, MA 02210-2336Ģ082 Michelson Dr Fl 4, Irvine, CA 92612-1212ġ425 Higham St, Idaho Falls, ID 83402-1513Ĩ00 Boylston St Ste 1900, Boston, MA 02199-8101Ģ101 Wilson Blvd Ste 900, Arlington, VA 22201-3047ĩ50 Interstate Highway 30 E, Mt Pleasant, TX 75455-7711ģ530 N Harbor City Blvd, Melbourne, FL 32935-5714Ĥ Embarcadero Ctr Ste 3300, San Francisco, CA 94111-4184īusinesses in the same zip code Business NameĤ582 S Ulster St Pkwy, Suite 1200, Denver, CO 80237Ĥ600 South Syracuse Street, 11th Floor, Denver, CO 80237 The business type is FOREIGN PROFIT CORPORATION. The business address is 4643 S Ulster St #350, Denver, CO 80237, USA. The Unified Business Identifier (UBI) is #604141147. Pester Marketing Company is a business incorporated with Washington State Secretary of State. ![]()
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