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The Biggest C-Store Deals So Far This Century

The Biggest C-Store Deals So Far This Century

The Biggest C-Store Deals So Far This Century

By Greg Lindenberg and Brett Dworski on Dec. 10, 2020

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

The Biggest C-Store Deals So Far This Century

No. 1 7-Eleven Acquires Speedway

 Dec. 10, 2020

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. 2 Phillips Petroleum Acquires Tosco

Dec. 10, 2020

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

The Biggest C-Store Deals So Far This Century

No. 3 Couche-Tard Acquires Circle K

Dec. 10, 2020

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

The Biggest C-Store Deals So Far This Century

No. 4 Couche-Tard Acquires The Pantry

Dec. 10, 2020

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

The Biggest C-Store Deals So Far This Century

No. 5 Couche-Tard Acquires CST Brands

Dec. 10, 2020

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.

The Biggest C-Store Deals So Far This Century

No. 6 Speedway Acquires Hess Express

Dec. 10, 2020

In 2014, Speedway acquired New York-based Hess Corp.'s 1,256-station retail outlets for $2.82 billion.

The Biggest C-Store Deals So Far This Century

No. 7 Marathon Petroleum Acquires Andeavor

Dec. 10, 2020

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

The Biggest C-Store Deals So Far This Century

No. 8 7-Eleven Acquires Sunoco’s C-Stores

Dec. 10, 2020

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 Biggest C-Store Deals So Far This Century

No. 9 EG Group Acquires Kroger’s C-Store Network

Dec. 10, 2020

In 2018, supermarket retailer The Kroger Co., Cincinnati, sold its c-store business unit, including 762 stores, to EG Group

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