This deal marks the largest acquisition in the sector’s history.
7-Eleven, Inc., the convenience-retail franchise with 77,000 stores in 16 countries, has announced the completion of its acquisition of 3,800 Speedway stores throughout North America.
This deal covers 36 states across the U.S., and raises 7-Eleven’s North American portfolio to approximately 14,000 stores in 47 of the 50 most populated metro areas in the country.
“We are very excited to welcome Speedway into the 7-Eleven family,” said Joe DePinto, president and CEO of 7-Eleven. “Speedway is a great brand and a strong strategic fit for our business that significantly diversifies our presence throughout the North American market, particularly in the Midwest and on the East Coast.
“Together, we have the opportunity to redefine and enhance the customer convenience experience nationwide. This is a groundbreaking moment in our company’s proud history.”
The acquisition combines 7-Eleven’s premier convenience brand with Speedway’s convenience and fuel brands, creating a one-stop shop for customers.
