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Thursday, Apr 6,2017

7-Eleven® Signs Agreement with Sunoco

Press Release

7‑Eleven, Inc., the premier name and largest chain in the convenience-retailing industry, is pleased to announce it has entered into an asset purchase agreement with Sunoco LP. As part of the agreement, 7‑Eleven will acquire approximately 1,108 convenience stores located in 18 states.

World’s Largest Convenience Retailer Acquires 1,108 Convenience Stores

 

IRVING, TEXAS (April 6, 2017) – 7‑Eleven, Inc., the premier name and largest chain in the convenience-retailing industry, is pleased to announce it has entered into an asset purchase agreement with Sunoco LP. As part of the agreement, 7‑Eleven will acquire approximately 1,108 convenience stores located in 18 states.

 

“This acquisition supports our growth strategy in key geographic areas including Florida, mid-Atlantic states, Northeast states, and Central Texas,” said Joe DePinto, President and Chief Executive Officer of 7‑Eleven Inc. “It also provides 7‑Eleven entry into Houston, the 4th largest city in the United States, and a strong presence in Corpus Christi and across South Texas.

 

7‑Eleven, Inc. has 8,707 stores in the United States and Canada. This acquisition will be one of the largest in 7‑Eleven, Inc.’s history, and it will bring 7‑Eleven, Inc.’s total number of stores to 9,815 in the U.S. and Canada.

 

The transaction is expected to close in the second half of this year.

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