M&A Deal Summary

Seven & i Holdings Co Acquires Speedway

On August 2, 2020, Seven & i Holdings Co acquired retailer Speedway from Marathon Petroleum for 21.0B USD

Acquisition Highlights
  • This is Seven & i Holdings Co’s 5th transaction in the Retail sector.
  • This is Seven & i Holdings Co’s largest (disclosed) transaction.
  • This is Seven & i Holdings Co’s 2nd transaction in the United States.
  • This is Seven & i Holdings Co’s 1st transaction in Ohio.

M&A Deal Summary
Date 2020-08-02
Target Speedway
Sector Retail
Buyer(s) Seven & i Holdings Co
Sellers(s) Marathon Petroleum
Deal Type Divestiture
Deal Value 21.0B USD

Target

Speedway

Enon, Ohio, United States
website
Speedway gas station in Pompano Beach, Florida.
Speedway gas station in Pompano Beach, Florida.
Speedway is a US convenience store chain with approximately 3,900 stores located in 36 states. The Company was formed in 1997 and is headquartered in Enon, Ohio.

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Buyer(S) 1

Buyer

Seven & i Holdings Co

Tokyo, Japan

website

Category Company
Founded 2005
Sector Retail
Employees83,635
Revenue 8,749.8B JPY (2022)
DESCRIPTION

Seven & i Holdings Co is a Japan-based holding company. The planning, management and operation of group companies centering on a wide variety of business operations, including convenience stores, general merchandise stores, department stores, food supermarkets, food services, financial services, and IT services . Seven & i Holdings was founded in 2005 and is based in Tokyo, Japan.

DEAL STATS #
Overall 6 of 6
Sector (Retail) 5 of 5
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-29 Nissen Holdings

Kyoto, Japan

Nissen Holdings provides merchandise to individual customers in Japan. It offers approximately 3,000 items, including apparel, interior goods, household articles, and other merchandise. The company offers its products and services through catalogs and online. Nissen Holdings was formed in 1970 and is based in Kyoto, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Sogo & Seibu

Tokyo, Japan

Sogo & Seibu is a Japanese retailer that operates two department store brands; Sogo, and Seibu. The Company sells a variety of household goods and other products. Sogo & Seibu was formed in 2009 and is based in Tokyo, Japan.

Sell $1.5B

Seller(S) 1

SELLER

Marathon Petroleum

Findlay, Ohio, United States

website

Category Company
Founded 1887
Sector Energy Services and Equipment
Employees17,700
Revenue 120.0B USD (2021)
DESCRIPTION
Marathon Petroleum's corporate headquarters in Findlay, Ohio.
Marathon Petroleum's corporate headquarters in Findlay, Ohio.

Marathon Petroleum engages in refining, transporting, and marketing petroleum products primarily in the United States. Marathon Petroleum was founded in 1887 and is based in Findlay, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 2
State (Ohio) 1 of 2
Country (United States) 1 of 2
Year (2020) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 Andeavor

San Antonio, Texas, United States

Andeavor is a refiner and marketer of petroleum products. Andeavor operates six refineries in the western United States with a combined capacity of 850,000 barrels per day. Andeavor was founded in 1968 and is based in San Antonio, Texas.

Buy $35.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 Marathon Petroleum - Three Asphalt Terminals

Findlay, Ohio, United States

Marathon Petroleum's Three Asphalt Terminals provide safety, quality, and service with the values of Asphalt Materials.

Sell -
Mergr

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