HF Sinclair Picks Up 25 Stores from Littlefield Express

The transaction marks Littlefield's exit from the convenience retail space.

Green Trail Fuels, a joint venture between HF Sinclair Corp. and UPOP Holdings, has acquired 25 c-stores in Arkansas and Oklahoma from Littlefield Retail Group, which does business under the Littlefield Express banner.

Founded in 1946 as a bay station in Booneville, Ark., Littlefield Oil Co. grew into a leading regional fuel provider before launching Littlefield Express in 2014. The network spans neighborhood convenience stores and highway travel centers across Arkansas and Oklahoma, offering foodservice, car washes, McDonald’s and Burger King restaurants, and Phillips 66, Valero, Citgo and Sinclair fuel.

Acquisition details

Green Trail was formed in February 2026 to grow HF Sinclair’s branded retail presence. UPOP operates the retail sites, and HF Sinclair holds a 50% non-operating economic interest and supplies fuel from its regional refineries. The Littlefield Express portfolio extends the joint venture into Arkansas and Oklahoma and marks a significant step in building a scalable, multi-state retail platform.

While the transaction marks the Littlefield family’s exit from convenience retail operations, the family will continue to operate its long-standing energy businesses. The sale allows the family to realize the value of the retail platform it built while focusing on the wholesale and logistics operations that have been at the core of the business for nearly eighty years.

Sale process

Downstream Energy Group (DEG), an M&A advisory firm, served as the exclusive sell-side advisor to Littlefield, providing valuation and strategic advisory services, managing a competitive sale process, and assisting in the negotiation and execution of the definitive transaction agreements.

“The Littlefield family has built an exceptional business and reputation over eight decades, which was reflected in the strong interest we received throughout the sale process,” said Jeff Traub, partner at DEG. “Green Trail is an excellent strategic fit for the portfolio, and this transaction allows the family to realize the value they’ve created while continuing to grow their wholesale, transportation and propane businesses. It was a privilege to represent them.”

“Selling the stores we built was not a decision we made lightly,” said Aaron Littlefield, president of Littlefield Companies. “DEG took the time to understand our business, executed a disciplined, competitive sale process that attracted highly qualified buyers, and guided us through every step. We are proud to hand these stores to Green Trail and look forward to focusing on our wholesale, transport and propane operations.”