Some of the largest, highest-profile convenience retailers forged sizable deals in 2020, but those transactions did not close during the calendar year. 7-Eleven Inc. and Marathon Petroleum in August announced a $21 billion deal for 7-Eleven to acquire Marathon’s Findlay, Ohio-based 3,854- unit Speedway retail network. Originally slated to close by year end, the transaction faced further FTC review and closed May 14. In April 2021, 7-Eleven announced the sale of 106 stores to CrossAmerica Partners, Allentown, Pa., and more selloffs are likely as part of the divestiture process to acquire Speedway.
Unfinished Business: 7-Eleven Inc.
No. of Stores: 3,854