The Biggest C-Store Deals So Far This Century

The Biggest C-Store Deals So Far This Century

No. 1 7-Eleven Acquires Speedway

7-Eleven in August 2020 entered into an agreement to acquire Marathon Petroleum Corp.’s company-owned convenience-store network Speedway LLC for $21 billion.

The Biggest C-Store Deals So Far This Century

No. 4 Couche-Tard Acquires The Pantry

Couche-Tard acquired The Pantry Inc. for approximately $860 million in 2015.

Marathon Petroleum Corp., owner of the Speedway chain, closed on the acquisition of Andeavor (formerly Tesoro) in 2018.

Sunoco LP acquired Susser Holdings in 2015 for about $1.9 billion.

In 2001, Bartlesville, Okla.-based Phillips Petroleum Co. closed on its acquisition of Stamford, Conn.-based refiner-marketer Tosco Corp. for $7.49 billion

In 2017, Alimentation Couche-Tard acquired CST Brands Inc., San Antonio, with 1,300 stores in the United States and Canada, for $4.43 billion.

In 2018, 7-Eleven closed on the acquisition of approximately 1,030 Sunoco LP company-owned c-stores in 17 states under the Sunoco and Stripes brands for $3.114 billion.

The c-store industry’s penchant for M&A deals is prolific. Among the many other noteworthy acquisitions

As 7-Eleven picks up Speedway, CSP looks at the most significant convenience-store transactions of the past 20 years

Not surprisingly, the Circle K c-store chain arose from an acquisition.

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