US c-store retailer 7-Eleven has made two more acquisitions, snapping up stores across four states.
The company, which has been very active in the M&A market this year, has bought 68 stores in Ohio and Pennsylvania from EZ Energy.
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It has also purchased 58 7-Eleven outlets from a licencee, Handee Marts, across those two states, as well as West Virginia and Maryland.
7-Eleven CFO Stan Reynolds emphasised how the deals would improve the retailer’s presence in Cleveland and Pittsburgh and said it was looking for more deals.
“These two acquisitions provide 7-Eleven with an excellent opportunity to have a strong presence immediately in both the Cleveland and Pittsburgh areas,” Reynolds said on Friday (12 October). “We also are interested in looking at other locations in these markets to further expand our presence there.”
7-Eleven has made a number of acquisitions this year. In August, it bought 74 outlets from licencee Prima Marketing in West Virginia.
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By GlobalDataIn July, 7-Eleven announced a deal to buy the retail and wholesale businesses of Tetco to expand its presence in Utah and Texas.
This year, the retailer has also bought another batch of stores in Texas, as well as in North Carolina and South Carolina.
