7-Eleven Buys Speedway
(Photo by Joe Raedle/Getty Images)
Attention Slurpee fans, 7-Eleven has just bought Speedway gas stations.
The deal is worth $21 billion and with the purchase, 7-Eleven will pick up 3,900 locations to add to their portfolio.
“This acquisition is the largest in our company’s history and will allow us to continue to grow and diversify our presence in the U.S., particularly in the Midwest and East Coast,” Joe DePinto, CEO of 7‑Eleven said in a statement.
“By adding these quality locations to our portfolio, 7‑Eleven will have the opportunity to bring convenience to more customers than ever before.”
There are already 9,800 stores in the U.S. and 21,000 locations in Japan.
This deal is one of the biggest cash deals since the beginning of the pandemic.
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