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By: Melissa Kress, 12/05/2025
PLEASANTON, Calif. — C&J Cox Corp. and its affiliates sold the majority of its convenience store assets to Anabi Oil Corp.
Headquartered in Pleasanton, Cox operates c-stores that serve the Tri-Valley and Lake Tahoe communities. The transaction, which closed Nov. 12, included nine stores in the Tri-Valley region and three stores in the Lake Tahoe area. The convenience stores operate under the Cox Family Stores brand and sell motor fuels under the Shell, Chevron, and Valero brands. Cox will continue to own and operate two locations in the Tri-Valley region, which were not part of the transaction.
Cox Family Stores first opened its doors in 1976 when Carl Cox acquired his first convenience store in Dublin, Calif. For almost 50 years, Cox has been committed to providing excellent customer service, high-quality motor fuels, well-stocked convenience stores, and extremely clean and well-maintained facilities, according to Matrix Capital Markets Group Inc.
Anabi Oil is a family-owned fuel distribution and convenience retail company headquartered in Upland. Founded in 1991, the company operates gasoline, convenience retail, foodservice and car wash locations across the United States. The company supplies major fuel brands, including Shell, Exxon, 76 and Sinclair, and oversees a broad network of company-operated and dealer-operated retail locations.
Anabi also owns and operates the Rebel convenience store brand.
“The Cox family built one of the most admired convenience store networks in Northern California, and we consider it a privilege to continue that legacy,” said Sam Anabi, founder and owner of Anabi Oil. “Our focus is to preserve the level of quality their customers have trusted for decades. Because these sites were already operated with such discipline and pride, the transition has been exceptionally smooth: strong teams remain in place and service continues uninterrupted. We are proud to welcome these stores into our family.”
Matrix provided merger and acquisition advisory services to Cox, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by Vance Saunders, managing director; Andrew LoPresti, director; Michael Tucker, vice president; and William Dickinson, analyst.
“Carl and his team built an exceptional business over the years. These stores are some of the highest quality assets in their markets due to Cox’s unwavering commitment to providing customers with the best experience possible,” Saunders said. “We’re honored to have had the opportunity to assist Carl and his family with this transaction. We’re also very grateful for the efforts of Don Maday of Maday Consulting in his role as project manager for Cox.”
Otto Konrad of Williams Mullen served as legal counsel for Cox. Fred Whitaker and Ashley Bolduc of Cummins & White LLP served as legal counsel for Anabi.