TL;DR
7-Eleven, Inc. has signed agreements to sell 293 Speedway and 7-Eleven stores to three separate buyers. The sales follow the completion of 7-Eleven's acquisition of Speedway from Marathon Petroleum Corp.
7-Eleven, Inc. (“7-Eleven”) announced today that it has signed definitive agreements to sell 293 Speedway and 7-Eleven stores to three separate buyers. This follows the completion of 7-Eleven’s acquisition of Speedway from Marathon Petroleum Corp. (NYSE: MPC) on May 14, 2021.
On March 15, 2021, 7-Eleven signed a definitive agreement to sell 124 Speedway and 7-Eleven sites in the Midwest, Northeast, Florida and Utah to Anabi Oil, a family-owned and operated business based in Upland, California.
On March 17, 2021, 7-Eleven signed a definitive agreement to sell 63 Speedway sites in California, Arizona and Nevada to Jacksons Food Stores, a nationally recognized chain based in Meridian, Idaho.
On April 28, 2021 7-Eleven signed a definitive agreement to sell 106 Speedway and 7-Eleven sites located in the Mid-Atlantic and Northeast to CrossAmerica Partners LP, a publicly traded limited partnership headquartered in Allentown, Pennsylvania.
In this story
This story was originally published in Franchising.com on May 20, 2021. Burnaze summarizes and links to the original reporting.
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