Canonsburg-based Coen Markets could soon be part of a convenience store empire.

Coen’s 50-plus stores in and around Southwestern Pennsylvania are being acquired by United Kingdom-based EG Group, the companies announced Thursday.

EG Group owns more than 1,500 U.S. convenience across 10 brands, including Turkey Hill, Minit Mart and its crown jewel: Cumberland Farms, which has nearly 600 locations in New England.

Financial terms of the deal were not disclosed. The sale is expected to close this year, pending regulatory approval.

The companies did not immediately respond to questions about the future of the Coen brand.

In Pittsburgh, Coen has stores in South Side, Greenfield and Mt. Washington and Carrick.

Sharpsburg, Bethel Park, Baldwin and Munhall in Allegheny County are also home to Coen locations.

Westmoreland County has Coen stores in Penn Township, Manor, Harrison City, Delmont, Mt. Pleasant and Donegal.

Founded in 1923, Coen has grown to become a common sight in parts of the region, especially after its 2018 takeover and 2020 rebranding of nearly 40 CoGo’s locations.

Coen stores are most prevalent in the company’s home base of Washington County, but it also has a significant presence in Allegheny and Westmoreland counties.

A handful of Coen stores lie in eastern Ohio and the northern panhandle of West Virginia.

Coen president Andy McIlvaine attributed his company’s success to its “distinctive” food offerings and Club Coen loyalty program. The proposed transaction would allow Coen to further expand and “take the business to yet another high level,” he added.

McIlvaine runs the company along with his brother, Charlie, who serves as CEO.

The brothers took over the business in 2000.

If the deal goes through, Coen would join an international convenience retailer in transition.

EG Group is in the process of relocating its headquarters to Charlotte, N.C., reflecting its rising focus on the American market. It’s also moved to shed stores in Australia, France and Italy within the last year.

Like many industries, convenience retail has seen increased merger and acquisition activity as of late.

In June, Giant Eagle sold its roughly 270 GetGo locations to Quebec-based Alimentation Couche-Tard, a convenience store conglomerate even larger than EG Group.