7-Eleven completed acquisition of c-store chain

The company is expanding across the US

7-Eleven

7-Eleven completed acquisition of c-store chain. Source: facebook.com

7-Eleven has announced the completion of its acquisition of Speedway, a convenience store chain, from Marathon Petroleum Corp. Speedway’s portfolio includes nearly 3,800 stores located in 36 states across the US.

We are very excited to welcome Speedway into the 7-Eleven family. 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
Joe DePinto, President and Chief Executive Officer of 7-Eleven

According to the press release, this acquisition accelerates 7-Eleven’s growth trajectory while also strengthening the company’s financial profile.

This brings 7-Eleven’s total North American portfolio to approximately 14,000 stores and diversifies 7-Eleven’s presence to 47 of the 50 most populated metro areas in the country.

7-Eleven will also work to maximize efficiencies and optimize relationships with vendors and business partners to ensure a continued legacy of innovation and success.

We’ve reported that Walmart to acquire virtual fitting room platform.

SEE ALSO:

Categories: All materials News Retail