M&A Deal Summary

7-Eleven Acquires Sunoco - Convenience Stores

On April 6, 2017, 7-Eleven acquired retailer Sunoco - Convenience Stores from Sunoco for 3.3B USD

Acquisition Highlights
  • This is 7-Eleven’s 17th transaction in the Retail sector.
  • This is 7-Eleven’s largest (disclosed) transaction.
  • This is 7-Eleven’s 17th transaction in the United States.
  • This is 7-Eleven’s 3rd transaction in Texas.

M&A Deal Summary
Date 2017-04-06
Target Sunoco - Convenience Stores
Sector Retail
Buyer(s) 7-Eleven
Sellers(s) Sunoco
Deal Type Divestiture
Deal Value 3.3B USD

Target

Sunoco - Convenience Stores

Houston, Texas, United States
Sunoco's convenience stores consist of 1,110 convenience stores in 19 geographic regions primarily along the East Coast US and in Texas. Also included in the sale are the associated trademarks and intellectual property of the Laredo Taco Company and Stripes.

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Buyer(S) 1

Buyer

7-Eleven

Dallas, Texas, United States

website

Category Company
Founded 1927
Sector Franchising
DESCRIPTION

7-Eleven, Inc. operates, franchises, and licenses a chain of convenience stores in the United States and Canada.

DEAL STATS #
Overall 18 of 20
Sector (Retail) 17 of 18
Type (Divestiture) 11 of 12
State (Texas) 3 of 4
Country (United States) 17 of 18
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-09 Imperial Oil - 148 Convenience & Fuel Retail Stations

Calgary, Alberta, Canada

Imperial Oil - 148 Convenience & Fuel Retail Stations comprises convenience and fuel retail stations are located in Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-13 Tipple Lease Co Pty.

Sydney, Australia

Tipple Lease Co Pty. Ltd. is an alcohol delivery company. Tipple delivers beverages in 30 minutes by partnering with local and independent bottle shops. Tipple Lease Co Pty. Ltd. was founded in 2015 and is based in Sydney, Australia.

Buy -

Seller(S) 1

SELLER

Sunoco

Dallas, Texas, United States

website

Category Company
Founded 2012
Sector Distribution
Employees2,282
Revenue 25.7B USD (2022)
DESCRIPTION

Sunoco is a master limited partnership (MLP) that primarily distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors. Sunoco was founded in 2012 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Retail) 1 of 2
Type (Divestiture) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-23 Direct Fuels

Euless, Texas, United States

Direct Fuels LLC is an independent regional fuel distributor and specialty processer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-15 American Midstream Partners - Refined Products Terminalling Business

Denver, Colorado, United States

American Midstream Partners LP - Refined Products Terminalling Business consists of terminals located in Caddo Mills, Texas and North Little Rock, Arkansas with a combined 21 tanks, approximately 1.3 million barrels of storage capacity and approximately 77,500 barrels per day of total throughput capacity.

Buy $125M
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