M&A Deal Summary

7-Eleven Acquires Sunoco - 204 Stripes Stores

On January 11, 2024, 7-Eleven acquired retailer Sunoco - 204 Stripes Stores from Sunoco

Acquisition Highlights
  • This is 7-Eleven’s 18th transaction in the Retail sector.
  • This is 7-Eleven’s 18th transaction in the United States.
  • This is 7-Eleven’s 4th transaction in Texas.

M&A Deal Summary
Date 2024-01-11
Target Sunoco - 204 Stripes Stores
Sector Retail
Buyer(s) 7-Eleven
Sellers(s) Sunoco
Deal Type Divestiture

Target

Sunoco - 204 Stripes Stores

Texas, United States
Sunoco's 204 Stripes Stores includes Stripes® convenience stores and Laredo Taco Company® restaurants.

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Buyer(S) 1

Buyer

7-Eleven

Dallas, Texas, United States
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 20 of 20
Sector (Retail) 18 of 18
Type (Divestiture) 12 of 12
State (Texas) 4 of 4
Country (United States) 18 of 18
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 7-Eleven - 106 Speedway & Sites

Dallas, Texas, United States

106 Speedway & Sites consist of company-operated sites and are located in regions of the U.S. within CrossAmerica’s existing asset base.

Sell $263M

Seller(S) 1

SELLER

Sunoco

Dallas, Texas, United States
Category Company
Founded 2012
Sector Distribution
Employees2,389
Revenue 23.1B USD (2023)
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 2 of 2
Sector (Retail) 2 of 2
Type (Divestiture) 2 of 2
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-18 Schmitt Sales - Wholesale Fuel Distribution

Williamsville, New York, United States

Schmitt Sales, Inc. - Wholesale Fuel Distribution is a provider of fuel distribution services in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-22 NuStar Energy

San Antonio, Texas, United States

NuStar Energy is an independent liquids terminal and pipeline operator. The company currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia, and specialty liquids. NuStar Energy was founded in 1999 and is based in San Antonio, Texas.

Buy $7.3B
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