7-Eleven to divest 293 Speedway and 7-Eleven stores
7-Eleven said that it has revealed signing agreements to divest 293 Speedway and 7-Eleven stores to three separate buyers for an undisclosed price.
The deals follow the closing of 7-Eleven’s $21 billion acquisition of Speedway from Marathon Petroleum Corp.
In mid-March, 7-Eleven signed a deal to offload 124 Speedway and 7-Eleven sites in the Midwest, Northeast, Florida, and Utah to California-based Anabi Oil.
In the same month, 7-Eleven signed an agreement to divest 63 Speedway sites in California, Nevada, and Arizona to Jacksons Food Stores, an Idaho-based convenience store chain.
Cory Jackson – President of Jacksons Food Stores said: “We are excited to serve customers in new markets with our clean, fast, simple and friendly approach.
“As a food forward retailer, we are focused on providing customers with the service, products, and convenience they need – when, where and how they want it. As an example, we recently launched Jacksons delivery across all markets with quick delivery windows to serve customers when they can’t visit our stores.”
In late April, 7-Eleven entered into an agreement to offload 106 Speedway and 7-Eleven sites across the Mid-Atlantic and Northeast to CrossAmerica Partners, based in Pennsylvania.