M&A Deal Summary

Speedway Acquires 10 Road Ranger Convenience Stores

On June 5, 2012, Speedway acquired retailer 10 Road Ranger Convenience Stores from Road Ranger

Acquisition Highlights
  • This is Speedway’s 2nd transaction in the Retail sector.
  • This is Speedway’s 2nd transaction in the United States.

M&A Deal Summary

Date 2012-06-05
Target 10 Road Ranger Convenience Stores
Sector Retail
Buyer(s) Speedway
Sellers(s) Road Ranger
Deal Type Divestiture

Target

10 Road Ranger Convenience Stores

United States
10 Road Ranger Convenience Stores are at throughout Ohio and Northern Kentucky provides truck stop and gasoline convenience services.

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Buyer(S) 1

Buyer

Speedway

Enon, Ohio, United States

Category Company
Founded 1997
Sector Retail
DESCRIPTION
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.


DEAL STATS #
Overall 2 of 3
Sector (Retail) 2 of 3
Type (Divestiture) 2 of 3
Country (United States) 2 of 3
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-09 88 GasAmerica Operating Locations

United States

88 GasAmerica Operating Locations situated throughout Indiana and Ohio,operated convenience store chain with approximately 88 stores.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-22 Hess Retail Holdings

New York, New York, United States

Hess Retail Holdings LLC, provides retail and markets gasoline and petroleum refined products.

Buy $2.9B

Seller(S) 1

SELLER

Road Ranger

Rockford, Illinois, United States

Category Company
Founded 1984
Sector Retail
DESCRIPTION

Road Ranger LLC a privately-held company,is one of the fastest growing truck stop and gasoline convenience store operators in the United States with approximately 80 locations in seven Midwestern states.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1