Mergers & Acquisitions

Anabi Oil to Acquire 124 Speedway Stores

Company picking up sites 7-Eleven is divesting to satisfy FTC
anabi oil

UPLAND, Calif. — Anabi Oil is expanding its footprint with the purchase of 124 Speedway and 7-Eleven convenience stores in the Midwest, Northeast, Utah and Florida from 7-Eleven Inc., which has completed the acquisition of Speedway from Marathon Petroleum Corp. The sites are among the 293 locations that 7-Eleven is divesting to satisfy an agreement with the Federal Trade Commission (FTC).

“We are excited to expand our presence into these great markets and welcome the new store team members into the Anabi family. We have a proven track record of integrating operations with minimal disruptions and evolving the product assortment to meet our customer’s needs,” said Sam Anabi, president and CEO of Anabi Oil. “This acquisition will provide opportunities for employees throughout the organization. With tenured leadership and a reputation of being on the leading edge of trends in the industry, the company is ready to expand and integrate into these great communities.”

Over the past 25 years, Anabi Oil has grown in states including California, Nevada, Alaska and New York, and the portfolio of Speedway locations it is acquiring from 7-Eleven “is a natural fit with the company’s growth initiatives,” the company said.

Anabi Oil is a family-owned and -operated company with headquarters in Upland, Calif. It is one of the largest Shell branded wholesalers in California distributing to more than 200 stations under multiple major brands including its proprietary Rebel brand. The addition of this acquisition brings Anabi Oil’s retail portfolio to more than 450 stores nationally throughout 15 states. Anabi Oil redesigned its REBEL convenience store brand to create a customer experience with better-for-you options and fresh food. Rebel’s tagline is “Your store, your way.”

Earlier this month, Irving, Texas-based 7-Eleven closed on the $21 billion acquisition of the Speedway c-store chain from Marathon Petroleum, Findlay, Ohio, even as the FTC raises issues over the deal’s legality. 7-Eleven maintains that the deal was legal and that it has satisfied all of the required closing conditions, including the required divestments.

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