7-Eleven Closes on $3.2B Sunoco Transaction

7-Eleven Inc., headquartered in Irving, TX, closed on a deal with Sunoco LP, in which the latter sold the majority of its company owned convenience stores to 7-Eleven for $3.2 billion. The transaction includes a 15-year take-or-pay fuel supply agreement, under which Sunoco will supply approximately two billion gallons of fuel annually, with an additional 0.5 billion gallons of committed growth in the future.

The deal with 7-Eleven involves the acquisition of 1,030 stores in 17 states, including Stripes stores in Texas. It also brings the convenience store company’s U.S. and Canada store count to 9,700, while expanding its footprint into the Houston market.

Sunoco is owned by Energy Transfer Equity, which is headquartered in Dallas.

For comments, questions or concerns, please contact Amy Sorter