Since 2018, Irving-based 7-Eleven has spent $25 billion on major acquisitions from Dallas-based Sunoco and Ohio-based Marathon.
UPDATE on April 19, 2024 -- 7-Eleven paid Sunoco $1 billion for the last batch of 204 Stripes and Laredo Taco locations. All are now under 7-Eleven ownership. The original 2018 deal gave 7-Eleven “a valuable brand to grow our restaurant offering,” said Joe DePinto, CEO of 7-ElevenIrving-based 7-Eleven is paying $950 million to Dallas-based Sunoco for 204 Stripes convenience stores and Laredo Taco Company restaurants in West Texas, New Mexico and Oklahoma.
The transaction is pending regulatory approval. 7-Eleven has more than 13,000 company-owned, franchised and licensed 7-Eleven, Speedway and Stripes stores in the U.S. and Canada.that the latest store purchase is part of a plan to expand the share of proprietary foods, beverages and private brands to reach 34% of sales by 2025.
Continue to pursue growth in the fragmented North American market through both mergers and acquisition opportunities and by building new stores.Click here, Staff writer. Maria Halkias has covered the retail scene for The Dallas Morning News since 1993. She has chronicled the stark changes in grocery, malls, e-commerce, major bankruptcies and local retail entrepreneurs.
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