A well-thought-out expansion plan is playing out for 7-Eleven®, which recently entered an agreement to acquire 204 stores from Sunoco LP, including the company’s Stripes® convenience stores and Laredo Taco Company® restaurants.
"Stripes and Laredo Taco Company have been a great addition to our family of brands since they initially joined us back in 2018," said Joe DePinto, Chief Executive Officer of 7-Eleven. "We're excited to welcome the remaining Stripes stores and Laredo Taco Company Restaurants to the family, and we look forward to serving even more customers across West Texas, New Mexico, and Oklahoma."
These stores will join the over 13,000 7-Eleven, Speedway®, and Stripes locations that 7-Eleven operates, franchises, and/or licenses across the United States and Canada, a press release explained. The newly acquired stores are located across West Texas, New Mexico, and Oklahoma.
With the addition of these stores, 7-Eleven will own and operate all Stripes and Laredo Taco Company locations across the U.S.
The transaction will close promptly after satisfaction of customary closing conditions, including necessary regulatory clearance, the release noted.
As more updates are revealed regarding this strategic deal, DMN will be here to report.