Mergers & Acquisitions

7-Eleven, Speedway Integration Moves Forward

Retailer lays off 35 employees at Enon, Ohio, headquarters
7-eleven speedway

ENON, Ohio — Following the closing of the acquisition of Marathon Petroleum Corp.’s Speedway convenience-store chain, 7-Eleven Inc. has laid off approximately 35 people at Speedway’s headquarters in Enon, Ohio.

The layoffs are part of 7-Eleven’s process of integrating the two c-store companies and brands.

“Over the last several months, we have made significant progress toward fully combining Speedway and 7-Eleven. Associates from both organizations worked together to design an organizational structure that will better position the combined company for success in the near-term and for many years to come,” Irving, Texas-based 7-Eleven said in a statement provided to CSP.

“As part of the integration process, we made some difficult decisions to reduce staff in some areas, which included consolidating duplicate roles and aligning responsibilities to provide clarity as we embark on our bright future together,” the company said. “These decisions have not been made lightly, and we remain committed to serving customers, stores and communities from our Store Support Centers in Enon, Ohio, and Irving, Texas.”

The $21 billion acquisition of Marathon Petroleum Corp.’s 3,900-unit Speedway retail network, which closed May 14, was the biggest deal in the industry’s history. 7-Eleven and Marathon Petroleum agreed to divest 293 convenience stores in local markets across 20 states to settle Federal Trade Commission (FTC) antitrust concerns.

Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 77,000 stores in 18 countries and regions, including 16,000 in North America. In addition to 7-Eleven stores, 7-Eleven Inc. operates Speedway, Stripes, Laredo Taco Company and Raise the Roost Chicken and Biscuits locations.

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