Announced
Completed
Financials
Tags
Cross Border
gas stations
Private
Majority
Friendly
Acquisition
Single Bidder
United States
Specialty Retailers
Completed
Synopsis
7-Eleven, an American international chain of convenience stores, completed the acquisition of the Speedway gas station chain from Marathon Petroleum, an American petroleum refining, marketing, and transportation company, for $21bn. "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, 7-Eleven President and CEO.
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