Mergers & Acquisitions News

Mergers & acquisitions news affecting the convenience store industry
sunoco gas station

Divestiture of most company-operated retail outlets puts focus on wholesale fuel

DALLAS -- Sunoco LP has closed the strategic divestiture of most of its company-operated convenience stores to 7-Eleven Inc., which acquired approximately 1,030 of Sunoco’s c-stores in 17 states for approximately $3.114 billion. Dallas-based Sunoco’s strategic divestiture is a major step in...

sunoco gas station

Store count grows to 9,700 in the United States and Canada

IRVING, Texas -- 7-Eleven Inc. has closed on the acquisition of approximately 1,030 Sunoco LP convenience stores in 17 states. This acquisition is the largest in the company’s history and will bring the retailer’s total store count to approximately 9,700 in the United States and Canada. Seven...

kwik chek

Cleo’s acquisition fits retailer’s strategy for remodeling, new builds

BONHAM, Texas – When Kwik Chek Convenience Stores Inc. purchased Carrizo Springs, Texas-based Cleo Bustamante Enterprises Inc.’s chain of eight convenience stores in a deal that closed on Jan. 4 , it was more than just another acquisition. The stores became part of a cycle of remodeling and new-...

7-eleven shopfront
FTC requiring some ownership changes for both companies’ locations
alta logo
Will convert all 42 locations to the Alta brand
minute man
May rebrand some locations to Fillinup
76 c-store
Will purchase 33 c-stores in Washington and Idaho from CHS
Will consolidate Richmond and Mechanicsville operations
casey's general store logo

Usual suspects, wild cards among possible buyers if retailer decides to sell c-stores

Private offering of senior notes to pay closing costs, taxes in deal to close this month .