Convenience store giant 7-Eleven is set to acquire 51 stores in northern Texas from ExxonMobil.
7-Eleven, the US unit of Japanese retailer Seven & I Holdings, said yesterday (16 August) that it has agreed to buy the fuel giant’s retail interests in the greater Dallas/Fort Worth area for an undisclosed sum. The deal is expected to be completed later this year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The majority of locations will be rebranded as 7-Eleven stores but the stations will retain the Exxon brand.
Sean Duffy, 7-Eleven vice president of mergers and acquisitions, said: “This acquisition fits well with our aggressive growth strategy. These high-volume locations complement our existing real estate portfolio in the area.”
The deal is the latest transaction between the two companies. In December, 7-Eleven, which operates, franchises or licenses more than 8,800 stores in North America, announced plans to buy 183 ExxonMobil stores in Florida.
Meanwhile, Canadian c-store retailer Couche-Tard also announced yesterday that it had agreed to buy 33 On the Run stores in southern Louisiana from ExxonMobil for an undisclosed sum.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
