News - Article

Thursday, September 15, 2016

NRC Hires New Managing Director

Source: Convenience Store Decisions

Former NRC employee returns as the company’s new managing director.

Mike Bohnert has joined NRC Realty & Capital Advisors LLC to lead the company’s business development initiatives as managing director.

“NRC has had a long and highly successful business relationship with Mike,” said Evan Gladstone, executive managing director at NRC. “When Mike came on board in 2001, he was instrumental in generating relationships with some of our biggest clients, including ARCO ampm and Sunoco, as well as the sale of over 1,100 stores for Clark Retail Enterprises and Swifty Serve Corp.”

“My partner, Denny Ruben, and I are extremely pleased to welcome Mike back to his key leadership role on the NRC team,” Gladstone continued.

Mike Bohnert joins NRC with over 25 years in petroleum and convenience marketing at a variety of companies including Mobil, ARCO and Core-Mark, where he rose to the position of executive vice president. Bohnert provides advisory services to clients on M&A transactions, store divestitures, market withdrawals, acquisitions and strategic planning. His concentration is with energy companies involved in petroleum marketing and convenience retailing, wholesale fuels distribution and oil distribution. Throughout his career, Mike has managed and overseen business transactions exceeding $1 billion.

“It is great to be back at NRC. The company has done so well and the improvements to the process are incredible. Truly a world class operation. Evan, Denny and the team have created something very special; I am super excited to be back,” said Bohnert. “During my career, now over 25 years, in our industry, I was able to obtain a lot of experience in retail operations, payment systems, fuel distribution and, of course, real estate. Having a diverse background in our industry has really helped me understand the complete operation of the retailer, which gives me a full understanding of the entire business in analyzing the entire real estate project. Hope to see everyone at NACS – NRC will have a booth,” he added.

NRC Realty & Capital Advisors LLC provides a full array of real estate and financial advisory services to the convenience store and petroleum industries, and specializes in the accelerated sale of commercial real estate. NRC’s breadth of experience in the convenience store arena includes portfolio evaluation and analysis; refinancing, recapitalization & sale-leaseback financing options; and merger and acquisition advisory services. Since its inception in 1989, NRC has sold more than 15,000 properties. Clients include globally recognized companies in a variety of industries, including leading financial institutions (GE Capital, Stancorp Mortgage Investors and Fifth Third), industrial companies (YRC Worldwide) and petroleum and convenience store companies (7-Eleven, Sunoco, BP, The Pantry, Circle K).

To see a list of convenience stores for sale and gas stations for sale, click here.