DALLAS – 7-Eleven is buying 1,110 convenience stores, mostly on the East Coast and in Texas, from Sunoco in a deal valued at $3.3 billion.
The deal puts 7-Eleven in the Houston market and gives it a fully developed menu of tacos.
It’s one of the largest purchases ever made by 7-Eleven and gets Sunoco, which said it wants to focus on being a gasoline supplier, out of the retail business.
The convenience store chain also entered into a 15-year agreement to purchase 2.2 billion gallons of gasoline from Sunoco annually. The transaction is expected to close by the end of this year.
