M&A Deal Summary

CrossAmerica Acquires 7-Eleven - 106 Speedway & Sites

On April 29, 2021, CrossAmerica acquired retailer 7-Eleven - 106 Speedway & Sites from 7-Eleven for 263M USD

Acquisition Highlights
  • This is CrossAmerica’s 12th transaction in the Retail sector.
  • This is CrossAmerica’s largest (disclosed) transaction.
  • This is CrossAmerica’s 13th transaction in the United States.
  • This is CrossAmerica’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-04-29
Target 7-Eleven - 106 Speedway & Sites
Sector Retail
Buyer(s) CrossAmerica
Sellers(s) 7-Eleven
Deal Type Divestiture
Deal Value 263M USD

Target

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.

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Buyer(S) 1

Buyer

CrossAmerica

Allentown, Pennsylvania, United States
Category Company
Founded 1992
Sector Energy Services and Equipment
Employees548
Revenue 4.4B USD (2023)
DESCRIPTION

CrossAmerica is a provider of motor fuels, consisting of gasoline and diesel fuel. CrossAmerica was incorporated in 1992 and is headquartered in Allentown, Pennsylvania.

DEAL STATS #
Overall 13 of 13
Sector (Retail) 12 of 12
Type (Divestiture) 8 of 8
State (Texas) 1 of 1
Country (United States) 13 of 13
Year (2021) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-15 State Oil - Assests

Libertyville, Illinois, United States

State Oil - Assests consist of 59 fee sites, including 55 Lessee Dealer accounts, 25 Independent Dealer accounts, 3 company operated locations, 2 non-fuel sites and certain other assets. The locations sell over 60 million gallons of fuel annually through supply contracts with Marathon, Citgo, Phillips 66, Mobil, BP, Shell and others.

Buy $45M

Seller(S) 1

SELLER

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 3 of 3
Sector (Retail) 3 of 3
Type (Divestiture) 3 of 3
State (Texas) 3 of 3
Country (United States) 3 of 3
Year (2021) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 7-Eleven - 63 Speedway Sites

Dallas, Texas, United States

63 Speedway Sites provides oil and fuel services located in California, Arizona, and Nevada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Sunoco - 204 Stripes Stores

Texas, United States

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

Buy -
Mergr

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