Draft:Atlantis Management Group LLC
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|  |
| Type | Private |
|---|---|
| Industry | Convenience store, Petroleum wholesale, Retail |
| Founded | 2005 |
| Founders | Tumay Basaranlar, Jose Montero, Jimmy Kochisarli |
Number of locations | 200+ (retail and wholesale) |
| Key people | Tumay Basaranlar (CEO) Jose Montero (President) Terry Valdivieso (CFO) Rick Rigby (CTO) |
| Products | Motor fuel, convenience store goods, quick-service food, delivery services |
| Brands | Atlantis Fresh Market, Dunkin' |
| Website | www |
Atlantis Management Group LLC (AMG) is an American motor fuel distributor, retail store developer, and convenience store operator headquartered in Mount Vernon, New York.[1] Founded in 2005, the company controls over 200 company-owned and independent dealer-operated retail and wholesale locations across the Northeastern United States, primarily in New York, New Jersey, Connecticut, and Massachusetts.[2]
The company operates through three specialized corporate divisions: Atlantis Market, which oversees company-owned convenience stores under the proprietary Atlantis Fresh Market banner; AMG Quickserve, which manages regional quick-service restaurant (QSR) franchises for Dunkin' across both co-branded convenience sites and standalone locations; and Lincoln Oil, a dedicated wholesale fuel transport and logistics business.[3] Through its Quickserve arm, AMG is recognized as one of the largest Dunkin' franchisees in the New York metropolitan region.[3] AMG also serves as a major motor fuel broker and wholesale supplier for energy brands including BP, Exxon, Mobil, Shell, CITGO, Sunoco, Conoco, and Gulf, while offering fleet management programs to independent dealers.[3][4]
History and Acquisitions
[edit]Atlantis Management Group was established in 2005 by co-founders Tumay Basaranlar, Jose Montero, and Jimmy Kochisarli.[1] The company initially operated as a gas station site developer and regional petroleum wholesaler in the New York metropolitan area.[4] Over time, AMG built its retail footprint through strategic mergers and acquisitions of regional petroleum marketers and convenience store chains:
- Food Bag Acquisition (2017): In November 2017, AMG acquired Food Bag, a convenience store and fuel retail chain previously operated by General Equities Inc. based in Kensington, Connecticut. The acquisition incorporated over 50 CITGO-branded locations across Connecticut, New York, Massachusetts, New Jersey, and Florida, along with a dedicated fuel transportation company.[5]
- Dattilo Petroleum (2018): In December 2018, AMG acquired Spring Valley, New York–based Dattilo Petroleum Inc. This transaction integrated 27 retail fuel sites in suburban counties north and west of New York City in New York and New Jersey into AMG's portfolio.[6]
- Americana Petroleum (2019): In October 2019, AMG acquired Americana Petroleum Corp. and Major Fuel Carriers Corp., adding eight retail gas locations, wholesale supply operations, and delivery vehicles.[7]
- WMA LLC Assets (2021): In November 2021, AMG acquired 13 Shell-branded gas stations and service centers in New England from WMA LLC.[4]
- Bristol Property Acquisition (2024): In February 2024, AMG acquired a commercial service station property at 1462 Farmington Avenue in Bristol, Connecticut for $1.84 million to expand its retail market presence in central Connecticut.[8]
- M. Spiegel & Sons Oil Assets (2024): In April 2024, AMG acquired the motor fuel assets of M. Spiegel & Sons Oil Corp. (SOS), a petroleum distributor established in 1934. The transaction added three retail stations, more than 70 wholesale motor fuel accounts, and delivery fleets in New York.[9]
Operations and Retail Technology
[edit]AMG operates through a dual retail and wholesale business model, managing company-operated stores and leasing tenant-operated service stations.[4] The company's retail operations integrate proprietary convenience stores with quick-service restaurant partnerships. Through its AMG Quickserve division, the company operates standalone Dunkin' storefronts as well as co-branded Dunkin' units situated inside its Atlantis Fresh Market locations.[3] AMG also maintains co-branding arrangements with 7-Eleven.[4]
In June 2021, AMG launched its proprietary mobile ordering and delivery application, Atlantis Fresh Delivery, offering same-day delivery service from its convenience stores.[2] In August 2024, the company partnered with technology provider InStore.ai to deploy register-level artificial intelligence (AI) audio analytics software across store checkouts. The system uses microphones to record cashier-customer interactions for customer service training, loyalty program tracking, and store safety monitoring.[10]
Under Chief Financial Officer Terry Valdivieso and Chief Technology Officer Rick Rigby, AMG modernized its financial infrastructure by transitioning to enterprise systems, automated suggested ordering, and Electronic Data Interchange (EDI) invoice automation via Fintech's PaymentSource Premium platform.[11][12] The EDI platform processes over 900 invoices monthly across AMG's network, enabling item-level accounting and store expansion without increasing back-office accounting staff headcount.[12] AMG's technology deployments have also been featured in retail education sessions hosted by the National Association of Convenience Stores (NACS).[13]
Litigation
[edit]- East Flatbush Lease Dispute (2026): In March 2026, station lessee Uver Enterprises filed a lawsuit against Atlantis Management Group in New York, seeking $350,000 in damages and contract rescission over a gas station lease on Utica Avenue in East Flatbush, Brooklyn.[14] The complaint alleged fraudulent inducement, asserting that AMG provided falsified financial records and profit projections, concealed the lack of a valid beer license, mismanaged credit card revenue, and physically cordoned off the business with caution tape during a debt dispute.[14]
- Trademark Litigation (2026): In September 2026, Republic Technologies (NA), LLC filed a trademark infringement lawsuit against Atlantis Management Group LLC in the U.S. District Court for the Southern District of New York.[15]
Industry Rankings
[edit]Atlantis Management Group is consistently ranked in CSP Daily News' annual survey of the largest convenience store chains in the United States by store count:[2]
| Year | Rank | Reported Store Count | Source |
|---|---|---|---|
| 2020 | #88 | 75 | [7] |
| 2021 | #91 | ~75 | [4] |
| 2022 | #84 | 79 | [2] |
| 2023 | #78 | — | [2] |
| 2024 | #71 | 95 | [2] |
| 2025 | #69 | — | [16] |
References
[edit]- 1 2 "Atlantis Management Group NYC Office: Careers, Perks + Culture". Built In NYC. Retrieved September 22, 2026.
- 1 2 3 4 5 6 "Atlantis Management Group Profile - Top 202 Convenience Stores". CSP Daily News. 2022. Retrieved September 22, 2026.
- 1 2 3 4 "Who We Are - Atlantis Management Group". Atlantis Management Group. Retrieved September 22, 2026.
- 1 2 3 4 5 6 Lindenberg, Greg (November 18, 2021). "Atlantis Management Adds to New England Retail Footprint". CSP Daily News. Retrieved September 22, 2026.
- ↑ Lindenberg, Greg (November 2, 2017). "Atlantis Management Group Acquires Food Bag". CSP Daily News. Retrieved September 22, 2026.
- ↑ Lindenberg, Greg (December 13, 2018). "Atlantis Management Group Acquires Dattilo Petroleum". CSP Daily News. Retrieved September 22, 2026.
- 1 2 "Atlantis Management Group - 2020 Top 202 C-Stores". CSP Daily News. 2020. Retrieved September 22, 2026.
- ↑ "New York convenience store chain pays $1.8M for Bristol property". Hartford Business Journal. February 2024. Retrieved September 22, 2026.
- ↑ Lindenberg, Greg (April 4, 2024). "Atlantis Management Group Acquires M. Spiegel & Sons Oil Assets". CSP Daily News. Retrieved September 22, 2026.
- ↑ Gignac, Rachel (August 15, 2024). "How Atlantis Management Group Uses AI to Back Up Stories With Data". CSP Daily News. Retrieved September 22, 2026.
- ↑ "Longtime C-store CFO on leading through acquisitions and big changes". CFO.com. November 6, 2025. Retrieved September 22, 2026.
- 1 2 "Tapping into EDI Benefits: How a Single Integration Fuels Efficiency for Atlantis Management Group" (PDF). Fintech. August 2025. Retrieved September 22, 2026.
- ↑ "Webinar: How To Use AI to Achieve Your Goals". National Association of Convenience Stores (NACS). November 25, 2024. Retrieved September 22, 2026.
- 1 2 Heltzel, Bill (March 25, 2026). "Atlantis Management accused of fraudulent gas station deal". Westfair Business Journal. Retrieved September 22, 2026.
- ↑ "Republic Technologies (NA), LLC et al v. Atlantis Management Group LLC et al". Justia Dockets. September 2026. Retrieved September 22, 2026.
- ↑ Gignac, Rachel (2025). "Atlantis Management CFO shares her strategy on scaling operations". CSP Daily News. Retrieved September 22, 2026.
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