Largest Acquisition in Sector History Increases 7‑Eleven Store Count to Approximately 14,000 Locations Throughout North America
(IRVING, TEXAS) May 14, 2021 – 7‑Eleven, Inc. (“7‑Eleven”), the largest chain in the convenience-retailing industry, announced today the successful completion of its acquisition of Speedway, a leading convenience store chain, from Marathon Petroleum Corp. (NYSE: MPC). Speedway’s high-quality portfolio includes approximately 3,800 stores located in 36 states across the U.S.
“We are very excited to welcome Speedway into the 7‑Eleven family,” said Joe DePinto, President and Chief Executive Officer of 7‑Eleven. “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.”