US convenience retailer 7-Eleven has announced the acquisition of the retail and wholesale assets of Texas firm Tetco for an undisclosed sum.
The deal will see 7-Eleven take on Tetco’s company-owned convenience outlets in Utah and the Dallas-Fort Worth, Austin and San Antonio areas.
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The company has announced a number of acquisitions in recent years as it has aggressively expanded its business in the US.
This year, 7-Eleven has bought stores in Texas, North Carolina and South Carolina.
Last year, the retailer acquired 188 stores when it took over Wilson Farms and purchased 183 sites from ExxonMobil in Florida.
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According to CFO Stan Reynolds, the Tetco acquisition is the largest of 7-Eleven’s recent acquisitons and will see the company take on a number of “quality sites”.
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