Bankrupt gas station abruptly closes 13 ’underperforming’ locations and says ‘entire business enterprise in jeopardy’
Michael Hansen
Published Sep 12, 2026
A BANKRUPT gas station owner has abruptly closed 13 chain locations.
Court documents say the pumps and their adjacent convenience stores were losing money.
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Mega Consumers Cooperative has closed 13 “underperforming” gas stations in Wisconsin.
The company, which owns a total of 31 locations in America’s Dairyland, operates most of its gas stations under the Holiday banner.
Mega filed for Chapter 11 bankruptcy protection September 1, according to documents filed with the US Bankruptcy Court for the Western District of Wisconsin.
A total of 13 stores shuttered September 5, while the company’s remaining 18 stations will stay open for now.
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Mega shuttered its 13 underperforming locations because they had negative cash flows.
Keeping them open would have put “the entire business enterprise in jeopardy of collapse,” according to court documents.
Mega has kept all staff affected by the closures employed for now.
It hopes the cash saved by closing its underperforming stations will be enough to sustain the remaining locations.
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HIT THE BRAKES
Mega is just the latest gas station owner to go bankrupt.
Last month, a total of 19 gas stations operated under the Pilot brand closed across nine states.
It came after the owner, Mountain Express Oil (MEX), ceased all operations amid a Chapter 7 bankruptcy.
MEX had previously missed payments to gasoline suppliers, causing some station operators to close their locations.
TOUGH CONDITIONS
But it is not just gas stations that are feeling the bite of the so-called retail apocalypse this year.
Waves of store closures ever since the pandemic continue to affect well-known retailers too.
Bed Bath and Beyond closed all 360 stores in July after 50 years in business.
The once-dominant big box store now exists online only.
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Competitor Tuesday Morning failed to recover from its second bankruptcy declaration in three years, shutting down 200 locations.
And there are just weeks left until Kmart goes down to its second-remaining store in the continental US.
